Zacks Equity Research
3 min read
Avino Silver (ASM) closed the most recent trading day at $6.27, moving +1.95% from the previous trading session. The stock’s performance was ahead of the S&P 500’s daily gain of 1.18%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 2.07%.
Heading into today, shares of the company had lost 15.98% over the past month, lagging the Basic Materials sector’s loss of 5.12% and the S&P 500’s loss of 2.9%.
The investment community will be closely monitoring the performance of Avino Silver in its forthcoming earnings report. The company’s upcoming EPS is projected at $0.09, signifying a 50.00% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $40.3 million, up 84.78% from the year-ago period.
ASM’s full-year Zacks Consensus Estimates are calling for earnings of $0.34 per share and revenue of $147.55 million. These results would represent year-over-year changes of +17.24% and +59.99%, respectively.
It is also important to note the recent changes to analyst estimates for Avino Silver. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we’ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Avino Silver is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, Avino Silver is currently being traded at a Forward P/E ratio of 18.09. Its industry sports an average Forward P/E of 10.59, so one might conclude that Avino Silver is trading at a premium comparatively.
The Mining – Silver industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
