Hudbay Minerals Earnings Preview
Portfolio Pulse from Benzinga Insights
Hudbay Minerals (NYSE:HBM) is scheduled to release its quarterly earnings report on February 23, 2024, with an expected EPS of $0.13. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to subsequent drops in share price. Shares are currently trading at $5.35, reflecting a 14.41% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth, as it often impacts stock price more significantly than earnings beats or misses.
February 22, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Hudbay Minerals is expected to report an EPS of $0.13 for the upcoming quarter. Historical data shows missed EPS estimates often lead to a decrease in share price. Currently, shares have risen 14.41% over the last year.
Given Hudbay Minerals' history of not meeting EPS estimates and the subsequent negative impact on its share price, there's a cautious outlook for the short term. However, the overall positive yearly stock performance and the importance of future guidance suggest a neutral score, as positive guidance could mitigate any negative impact from an earnings miss.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100