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MP Materials Corp. (MP) Outpaces Stock Market Gains: What You Should Know
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MP Materials Corp. (MP - Free Report) closed the most recent trading day at $40.09, moving +1.93% from the previous trading session. This change outpaced the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.
Prior to today's trading, shares of the company had lost 8.79% over the past month. This has lagged the Basic Materials sector's gain of 1.28% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from MP Materials Corp. as it approaches its next earnings release. The company is expected to report EPS of $0.21, up 16.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.67 million, up 91.25% from the year-ago period.
Investors might also notice recent changes to analyst estimates for MP Materials Corp.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.45% higher. MP Materials Corp. is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, MP Materials Corp. currently has a Forward P/E ratio of 35.43. This valuation marks a premium compared to its industry's average Forward P/E of 10.01.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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MP Materials Corp. (MP) Outpaces Stock Market Gains: What You Should Know
MP Materials Corp. (MP - Free Report) closed the most recent trading day at $40.09, moving +1.93% from the previous trading session. This change outpaced the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.
Prior to today's trading, shares of the company had lost 8.79% over the past month. This has lagged the Basic Materials sector's gain of 1.28% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from MP Materials Corp. as it approaches its next earnings release. The company is expected to report EPS of $0.21, up 16.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.67 million, up 91.25% from the year-ago period.
Investors might also notice recent changes to analyst estimates for MP Materials Corp.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.45% higher. MP Materials Corp. is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, MP Materials Corp. currently has a Forward P/E ratio of 35.43. This valuation marks a premium compared to its industry's average Forward P/E of 10.01.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.