HudBay Minerals closed down 1.14% at $26.95, trailing a session in which the S&P 500 gained 0.58%, the Dow added 0.49% and the Nasdaq rose 0.45%. Over the past month the mining company's shares lost 0.62%, outpacing the Basic Materials sector's 7.2% decline but lagging the S&P 500's 0.84% gain. Ahead of its forthcoming earnings report, analysts expect HudBay Minerals to post earnings of $0.35 per share, which would mark year-over-year growth of 1066.67%, on revenue of $784.2 million, a 126.12% increase from the same quarter a year earlier. For the full year, the Zacks Consensus Estimates project earnings of $1.43 per share and revenue of $2.91 billion, changes of +113.43% and +31.56% respectively from the preceding year. The Zacks Consensus EPS estimate has shifted 2.78% downward over the past month, and HudBay Minerals currently carries a Zacks Rank of #4 (Sell), trading at a Forward P/E of 19.01 versus an industry average of 18.29.
Hudbay Minerals Inc.Analysts expect huge YoY earnings/revenue growth but the Zacks Rank is #4 (Sell) and the EPS estimate was revised 2.78% lower, giving mixed signals.
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