
HudBayâŊMinerals (HBM) Eyes Challenging Q3 as Revenue Forecast Slips
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HudBay Minerals (tickerâŊHBM) is heading into its third quarter with Wall Street bracing for a rough patch. Analysts expect revenue of approximately $440.07âŊmillion, a decline of about 9.4âŊ% yearâoverâyear. Meanwhile, the consensus earningsâperâshare (EPS) estimate sits near $0.08, representing roughly a 38.5âŊ% drop from last year.
Estimate revisions in the past month show an interesting uptick: the EPS consensus has been revised upward by roughly 45.7âŊ%, suggesting analysts are inching toward a less dire outlook. Still, the firmâs recent earningsâbeat record may provide some hope â although sceptics note that a modest EPS beat may not offset pressure from softer revenue and the broader materialsâsector headwinds.
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