Avino Silver (ASM) ended the recent trading session at $5.91, demonstrating a -2.15% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.03% for the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.01%.
The stock of company has fallen by 20.42% in the past month, lagging the Basic Materials sector's loss of 7.25% and the S&P 500's gain of 0.53%.
The upcoming earnings release of Avino Silver will be of great interest to investors. In that report, analysts expect Avino Silver to post earnings of $0.07 per share. This would mark no growth from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $36.5 million, indicating a 73.48% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.29 per share and a revenue of $129.2 million, indicating changes of 0% and +40.09%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Avino Silver. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.38% increase. Avino Silver presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 21.19. This denotes a premium relative to the industry average Forward P/E of 12.64.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).