Nexa Resources (NEXA) to Release Earnings on Thursday

Nexa Resources (NYSE:NEXA - Get Free Report) is set to release 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. Individual that wish to register for the company's earnings conference call can do so using this link.

Nexa Resources (NYSE:NEXA - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). The business had revenue of $736.31 million for the quarter, compared to analyst estimates of $674.20 million. Nexa Resources had a negative net margin of 10.30% and a negative return on equity of 4.16%. During the same period in the prior year, the business 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 Price Performance

Shares of NEXA stock traded up $0.19 during trading hours on Tuesday, hitting $8.05. 13,911 shares of the company's stock were exchanged, compared to its average volume of 29,518. The stock's 50-day moving average is $6.96 and its 200-day moving average is $7.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.16 and a quick ratio of 0.78. Nexa Resources has a 52 week low of $4.82 and a 52 week high of $8.09. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 8.99 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their target price on shares of Nexa Resources from $7.00 to $6.00 and set a "sector underperform" rating on the stock in a research report on Tuesday, August 6th. Three 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, the stock 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.