In the latest close session, Avino Silver (ASM) was down 8.85% at $6.49. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow experienced a rise of 0.98%, and the technology-dominated Nasdaq saw an increase of 0.96%.
Heading into today, shares of the company had gained 3.04% over the past month, outpacing the Basic Materials sector's loss of 0.74% and the S&P 500's loss of 1.96%.
Analysts and investors alike will be keeping a close eye on the performance of Avino Silver in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.06, indicating a 14.29% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $33.7 million, indicating a 60.17% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.29 per share and a revenue of $125.45 million, demonstrating changes of 0% and +36.02%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Avino Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.38% higher. As of now, Avino Silver holds a Zacks Rank of #4 (Sell).
In terms of valuation, Avino Silver is presently being traded at a Forward P/E ratio of 24.98. This indicates a premium in contrast to its industry's Forward P/E of 13.31.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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