Sigma Lithium Shares Drop 4.7% as EPS Forecast Hits -$0.12 on $35.9M Revenue
Sigma Lithium shares fell 4.7% to $12.35 yesterday, underperforming the 0.6% S&P 500 slide and trailing the Basic Materials sector’s 3.5% gain over the past month. The company is due to report March 30 earnings with EPS forecast at -$0.12, down 50% YoY, on $35.9m revenue, down 25.3% YoY.
1. Recent Trading Session Performance
Sigma Lithium closed at $12.35, down 4.71% from the prior session’s $12.96 closing price. This decline outpaced the 0.57% drop in the S&P 500, the Dow’s 1.61% loss and the Nasdaq’s 0.26% slide.
2. Monthly Share Gain
Over the past month, Sigma Lithium shares have risen 5.37%, outperforming the Basic Materials sector’s 3.46% gain and the S&P 500’s 0.15% loss.
3. Upcoming Earnings Forecast
The company will release Q1 results on March 30, with EPS estimated at -$0.12 per share, a 50% year-over-year decline, and revenue projected at $35.9 million, down 25.3% from last year.
4. Valuation and Industry Metrics
Sigma Lithium trades at a forward P/E of 20.57 and carries a PEG ratio of 0.35 versus the industry average of 0.92. It holds a Zacks Rank #3 and sits in the top 20% of over 250 Basic Materials industry groups with an industry rank of 49.