Ero Copper Corp. (ERO) Gains As Market Dips: What You Should Know
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Ero Copper Corp. (ERO) closed at $14.41 in the latest trading session, marking a +0.49% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.54%. On the other hand, the Dow registered a loss of 1.63%, and the technology-centric Nasdaq decreased by 1.63%.The company's shares have seen an increase of 0.07% over the last month, surpassing the Basic Materials sector's loss of 10.98% and the S&P 500's loss of 2.2%.The investment community will be closely monitoring the performance of Ero Copper Corp. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.58, marking a 176.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $177 million, reflecting a 52.05% rise from the equivalent quarter last year.Investors should also take note of any recent adjustments to analyst estimates for Ero Copper Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.65% lower. Ero Copper Corp. presently features a Zacks Rank of #4 (Sell).In the context of valuation, Ero Copper Corp. is at present trading with a Forward P/E ratio of 4.52. This expresses a discount compared to the average Forward P/E of 20.8 of its industry.The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ero Copper Corp. (ERO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks