Nexa Resources (NEXA) Scheduled to Post Earnings on Thursday

Nexa Resources (NYSE:NEXA) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Nexa Resources to post earnings of ($0.05) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $629.90 million during the quarter, compared to analysts’ expectations of $593.27 million. Nexa Resources had a negative return on equity of 3.42% and a negative net margin of 11.24%. 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

Nexa Resources stock opened at $7.29 on Thursday. Nexa Resources has a 12 month low of $4.14 and a 12 month high of $7.62. The business has a 50 day simple moving average of $7.12 and a 200-day simple moving average of $6.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.99.

Analyst Upgrades and Downgrades

NEXA has been the subject of several research reports. BMO Capital Markets boosted their price target on Nexa Resources from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 2nd. Scotiabank boosted their price target on Nexa Resources from $4.50 to $6.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on Nexa Resources from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.10.

Nexa Resources Company Profile

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.