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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 $38.12, moving +1.46% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.84%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 0.1%.
Prior to today's trading, shares of the company had lost 17.83% over the past month. This has lagged the Basic Materials sector's loss of 1.41% and the S&P 500's loss of 4.03% in that time.
MP Materials Corp. will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. On that day, MP Materials Corp. is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue 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.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.45% higher. MP Materials Corp. is currently a Zacks Rank #2 (Buy).
In terms of valuation, MP Materials Corp. is currently trading at a Forward P/E ratio of 33.85. This valuation marks a premium compared to its industry's average Forward P/E of 10.18.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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 $38.12, moving +1.46% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.84%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 0.1%.
Prior to today's trading, shares of the company had lost 17.83% over the past month. This has lagged the Basic Materials sector's loss of 1.41% and the S&P 500's loss of 4.03% in that time.
MP Materials Corp. will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. On that day, MP Materials Corp. is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue 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.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.45% higher. MP Materials Corp. is currently a Zacks Rank #2 (Buy).
In terms of valuation, MP Materials Corp. is currently trading at a Forward P/E ratio of 33.85. This valuation marks a premium compared to its industry's average Forward P/E of 10.18.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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.