Nexa Resources (NEXA) Scheduled to Post Quarterly Earnings on Thursday

Nexa Resources (NYSE:NEXA) will be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect Nexa Resources to post earnings of $0.08 per share for the quarter.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Nexa Resources had a negative return on equity of 4.16% and a negative net margin of 10.30%. The firm had revenue of $736.31 million during the quarter, compared to analysts’ expectations of $674.20 million. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, analysts expect Nexa Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nexa Resources Stock Up 1.1 %

Shares of NEXA traded up $0.09 during midday trading on Tuesday, hitting $7.95. 1,310 shares of the company’s stock traded hands, compared to its average volume of 29,458. The company has a current ratio of 1.16, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 8.99 and a beta of 1.54. Nexa Resources has a 1 year low of $4.82 and a 1 year high of $8.09. The firm’s fifty day moving average is $6.96 and its 200-day moving average is $7.25.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their price target on Nexa Resources from $7.00 to $6.00 and set a “sector underperform” rating for the company in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Nexa Resources currently has an average rating of “Hold” and a consensus price target of $7.30.

Nexa Resources Company Profile

Nexa Resources SA, together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces zinc, zamac, zinc oxide, and zincal, as well as by-products, such as copper, lead, silver, gold, copper sulfate, sulfuric acid, copper cementum, silver concentrate, slag aggregates, and cadmium/sponge deposits.