Americas Gold and Silver Corporation (USAS) Announces Fourth Quarter Loss, Beats Earnings Estimates

Americas Gold and Silver Corporation (USAS) posted a quarterly loss of $0.07 per share against a Zacks Consensus estimate of a loss of $0.03. That compares to a loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents a profit surprise of -133.33%. A quarter ago, this company was expected to post a loss of $0.07 per share when it actually produced a loss of $0.13, delivering a surprise of -85.71% .

Over the past four quarters, the company has been unable to exceed consensus EPS estimates.

Gold and Silver Society of the Americas, which is part of the Zacks Mining – Miscellaneous industry, reported revenue of $14.3 million for the quarter ended December 2021, beating Zacks’ consensus estimate of 22.22%. That compares to revenues of $8.67 million a year ago. The company has exceeded consensus revenue estimates only once in the past four quarters.

The sustainability of the immediate stock price movement based on recently released numbers and future earnings forecasts will primarily depend on management’s comments on the earnings call.

Shares of Americas Gold and Silver Corporation are up about 27.7% year-to-date compared to the -8.6% decline in the S&P 500.

What’s next for Americas Gold and Silver Corporation?

With Americas Gold and Silver Corporation outperforming the market so far this year, the question on investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable metric that can help investors answer it is the company’s earnings outlook. This includes not only current consensus earnings expectations for the upcoming quarter(s), but also how those expectations have changed recently.

Empirical research shows a strong correlation between short-term stock movements and trends in earnings estimate revisions. Investors can track these revisions on their own or rely on a proven scoring tool like Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Prior to this earnings release, the trend in estimate revisions for Americas Gold and Silver Corporation is mixed. While the magnitude and direction of estimate revisions may change following the release of the company’s earnings report, the current situation translates into a No. 3 (hold) Zacks ranking for the stock. Thus, the shares should move in line with the market in the near future. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how the estimates for the next few quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is breakeven on $22.9 million in revenue for the upcoming quarter and $0.02 on $107.95 million in revenue for the current fiscal year.

Investors should be aware that the outlook for the sector can also have a significant impact on stock performance. In terms of Zacks industry rankings, Mining – Miscellaneous is currently in the top 38% of Zacks 250+ industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.

Another stock in Zacks’ broader basic materials sector, Comstock Mining, Inc. (LODE), has yet to report results for the quarter ended December 2021.

This company is expected to post a quarterly loss of $0.03 per share in its next report, representing a year-over-year change of +78.6%. The consensus EPS estimate for the quarter remained unchanged for the past 30 days.

Comstock Mining, Inc.’s revenue is expected to be $0.38 million, up 533.3% from the year-ago quarter.

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