Avino Silver (ASM) closed at $3.68 in the latest trading session, marking a -5.15% move from the prior day. This change lagged the S&P 500's 0.01% loss on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq added 0.05%.
Heading into today, shares of the company had gained 9.91% over the past month, outpacing the Basic Materials sector's gain of 1.67% and the S&P 500's gain of 5.37%.
The investment community will be paying close attention to the earnings performance of Avino Silver in its upcoming release. The company's earnings per share (EPS) are projected to be $0.03, reflecting no change from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $18.3 million, reflecting a 23.73% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.15 per share and a revenue of $78.85 million, signifying shifts of 0% and +19.15%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Avino Silver. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 15.39% increase. Avino Silver is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Avino Silver's current valuation metrics, including its Forward P/E ratio of 25.87. This valuation marks a premium compared to its industry average Forward P/E of 21.96.
The Mining – Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 8, putting it in the top 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
