Earnings Outlook For Hudbay Minerals
Portfolio Pulse from Benzinga Insights
Hudbay Minerals (NYSE:HBM) is scheduled to release its quarterly earnings report on February 23, 2024, with analysts expecting an 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 can significantly impact stock price.
February 22, 2024 | 3:01 pm
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Hudbay Minerals is expected to announce its quarterly earnings with an anticipated EPS of $0.13. Historical data shows missed EPS estimates often result in share price declines. Currently, shares have risen 14.41% over the past year.
Given Hudbay Minerals' history of not meeting EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is crucial. However, the stock's positive performance over the past year suggests a balanced outlook, hence a neutral score. The importance is high due to the potential impact of earnings on stock price, but confidence is not at maximum due to market unpredictability.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100