Nexa Resources (NEXA) Scheduled to Post Quarterly Earnings on Thursday

Nexa Resources (NYSE:NEXA) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Nexa Resources to post earnings of ($0.05) per share for the quarter. Persons 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 results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. Nexa Resources had a negative net margin of 11.24% and a negative return on equity of 3.42%. The business had revenue of $629.90 million for the quarter, compared to analysts’ expectations of $593.27 million. 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 Stock Performance

NYSE NEXA traded down $0.06 on Tuesday, reaching $7.25. The stock had a trading volume of 12,231 shares, compared to its average volume of 37,923. Nexa Resources has a 1 year low of $4.14 and a 1 year high of $7.62. The business has a 50 day moving average price of $7.15 and a 200 day moving average price of $6.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.99.

Analysts Set New Price Targets

NEXA has been the topic of several recent research reports. Scotiabank raised their target price on Nexa Resources from $4.50 to $6.00 and gave the company a “sector underperform” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their target price on Nexa Resources from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upped their target price 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 issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.10.

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.