Ero Copper Shares Rise 2.6% as Q1 EPS Seen at $1.06
Ero Copper Corp shares climbed 2.63%, outperforming major indexes despite a 5.3% decline over the past month versus a 6.8% sector gain. Analysts project Q1 EPS of $1.06 (+523.5% YoY) on $293.5 million revenue (+139.6% YoY) and estimate a forward P/E of 7.8 ahead of March 5 earnings.
1. Recent Share Performance
Shares of Ero Copper Corp closed at $34.37, up 2.63% for the session, outpacing the S&P 500’s 0.81% gain, Dow’s 0.63% rise and Nasdaq’s 1.26% advance. Over the past month, the stock has fallen 5.34%, underperforming the Basic Materials sector’s 6.83% increase and the S&P 500’s 0.25% decline.
2. Q1 Earnings Estimates
Earnings for the first quarter are scheduled for release on March 5, with consensus estimates calling for EPS of $1.06, a 523.53% increase year-over-year, on revenue of $293.5 million, up 139.59% from the same quarter last year.
3. Full-Year Projections and Estimates
For the full fiscal year, analysts forecast EPS of $2.17 (up 178.21% YoY) and revenue of $780.3 million (up 65.95% YoY). The consensus EPS estimate has risen 3.19% over the past month, reflecting recent upward revisions.
4. Valuation and Industry Position
Ero Copper trades at a forward P/E of 7.82, significantly below the 31.24 industry average for Mining – Non Ferrous. Its industry rank of 150 places it in the bottom 39% of all sectors, highlighting a valuation discount relative to peers.