Sigma Lithium Falls 3.7% as Q1 EPS Forecast Drops 50% on $35.9M Revenue
Shares dropped 3.7%, underperforming the S&P 500 and trailing the Basic Materials sector by 34 percentage points over the past month. EPS is forecast to fall 50% to -$0.12 on $35.9M revenue, with full-year sales expected down 15.2% to $129M and the stock trading at a 2.6% forward P/E discount.
1. Recent Share Performance
Sigma Lithium closed the latest session down 3.66% after shares lost 23.18% over the past month, significantly lagging the Basic Materials sector's 11.52% gain, while the S&P 500 remained flat.
2. First-Quarter Outlook
The company is expected to report first-quarter EPS of -$0.12, a 50% year-over-year decline, on projected revenue of $35.9 million, down 25.3% from the same period last year, with full-year sales forecast to fall 15.2% to $129 million.
3. Valuation and Analyst Metrics
Sigma Lithium holds a Zacks Rank of #2, trades at a forward P/E of 19.09 versus the industry average of 19.59, and has a PEG ratio of 0.32 compared with 0.99; its consensus EPS estimate has risen 24.75% over the last 30 days.