In the latest close session, Avino Silver (ASM) was up +1.65% at $5.55. The stock outperformed the S&P 500, which registered a daily gain of 0.6%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.64%.
Shares of the company have depreciated by 23.32% over the course of the past month, underperforming the Basic Materials sector's loss of 9.48%, and the S&P 500's gain of 1.34%.
The investment community will be closely monitoring the performance of Avino Silver in its forthcoming earnings report. 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.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.29 per share and a revenue of $129.2 million, signifying shifts of 0% and +40.09%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Avino Silver. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has shifted 9.38% upward. Avino Silver is currently a Zacks Rank #3 (Hold).
With respect to valuation, Avino Silver is currently being traded at a Forward P/E ratio of 19.16. This signifies a premium in comparison to the average Forward P/E of 11.89 for its industry.
The Mining - Silver industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 194, this industry ranks in the bottom 22% of all industries, numbering over 250.
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.
To follow ASM in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).