In the latest trading session, Avino Silver (ASM) closed at $5.31, marking a +2.22% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company witnessed a loss of 17.49% over the previous month, trailing the performance of the Basic Materials sector with its loss of 4.63%, and the S&P 500's gain of 2.44%.
Analysts and investors alike will be keeping a close eye on the performance of Avino Silver in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.07, signifying steadiness compared to the same quarter of the previous year. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.29 per share and revenue of $129.2 million. These totals would mark changes of 0% and +40.09%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Avino Silver. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Avino Silver is currently a Zacks Rank #2 (Buy).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 18.21. Its industry sports an average Forward P/E of 11.51, so one might conclude that Avino Silver is trading at a premium comparatively.
The Mining - Silver industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 195, finds itself in the bottom 21% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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).