Brokerages Expect Nexa Resources (NEXA) Will Post Earnings of $0.50 Per Share

Analysts predict that Nexa Resources (NYSE:NEXA) will report $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Nexa Resources’ earnings. The lowest EPS estimate is $0.36 and the highest is $0.63. Nexa Resources reported earnings of $0.49 per share in the same quarter last year, which suggests a positive year over year growth rate of 2%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Nexa Resources will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $1.54 to $2.92. For the next fiscal year, analysts expect that the firm will report earnings of $1.99 per share, with EPS estimates ranging from $0.32 to $3.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Nexa Resources.

Nexa Resources (NYSE:NEXA) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.21). The company had revenue of $736.70 million for the quarter, compared to analysts’ expectations of $677.86 million. Nexa Resources had a net margin of 6.75% and a return on equity of 5.81%.



A number of equities analysts have weighed in on NEXA shares. JPMorgan Chase reduced their price objective on Nexa Resources from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 23rd. Credit Suisse Group reiterated a “buy” rating and set a $23.00 price objective on shares of Nexa Resources in a research note on Sunday, February 25th. ValuEngine lowered Nexa Resources from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered Nexa Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $26.00 price objective (up previously from $23.00) on shares of Nexa Resources in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $22.66.

Several large investors have recently bought and sold shares of NEXA. CI Investments Inc. acquired a new stake in shares of Nexa Resources during the 4th quarter valued at about $11,741,000. Wells Fargo & Company MN acquired a new stake in shares of Nexa Resources during the 4th quarter valued at about $1,166,000. BlackRock Inc. acquired a new stake in shares of Nexa Resources during the 4th quarter valued at about $2,482,000. Tower Research Capital LLC TRC acquired a new stake in shares of Nexa Resources during the 4th quarter valued at about $123,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nexa Resources during the 4th quarter valued at about $242,000. Hedge funds and other institutional investors own 17.42% of the company’s stock.

Shares of NYSE NEXA traded down $0.83 during trading on Tuesday, reaching $16.65. 182,705 shares of the company traded hands, compared to its average volume of 255,351. The firm has a market capitalization of $2,011.60 and a P/E ratio of 12.31. Nexa Resources has a 12-month low of $15.27 and a 12-month high of $21.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.97 and a current ratio of 2.39.

About Nexa Resources

Nexa Resources SA, through its subsidiaries, primarily produces, refines, processes, and sells zinc in Peru and Brazil. It explores, extracts, produces, and trades zinc, copper, and lead concentrates through its mining sites located in the regions of Pasco, Ica, and Moquegua in Peru. The company also has copper mining project located in the Conchucos District, Ancash Region; poly-metallic mining project located in the Ancash Region; and copper mining project located in the Huancavelica Region, as well as zinc mines in Vazante and Paracatu.

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