Nexa Resources (NEXA) Scheduled to Post Earnings on Thursday

Nexa Resources (NYSE:NEXA) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce 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 for the quarter, missing the consensus estimate of $0.18 by ($0.03). Nexa Resources had a negative net margin of 10.30% and a negative return on equity of 4.16%. The firm had revenue of $736.31 million for the quarter, compared to the consensus estimate of $674.20 million. During the same quarter in the prior year, the firm earned $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 2.4 %

Shares of NEXA traded up $0.19 during trading hours on Tuesday, hitting $8.05. The company had a trading volume of 3,843 shares, compared to its average volume of 29,470. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.58, a P/E/G ratio of 8.99 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 1.16. Nexa Resources has a 52-week low of $4.82 and a 52-week high of $8.09. The firm has a fifty day moving average price of $6.96 and a 200-day moving average price of $7.25.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price target on shares of 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 research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Nexa Resources has a consensus rating of “Hold” and an average price target of $7.30.

About Nexa Resources

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.