In the latest trading session, Brigham Minerals closed at $28.51, marking a -1.89% move from the previous day. This change was narrower than the S&P 500's 2.37% loss on the day. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the mineral and royalty interests company had gained 4.83% over the past month, outpacing the Basic Materials sector's loss of 5.38% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Brigham Minerals as it approaches its next earnings report date. The company is expected to report EPS of $0.67, up 116.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $88.51 million, up 110.93% from the prior-year quarter.
MNRL's full-year Zacks Consensus Estimates are calling for earnings of $2.76 per share and revenue of $337.7 million. These results would represent year-over-year changes of +150.91% and +109.47%, respectively.
It is also important to note the recent changes to analyst estimates for Brigham Minerals. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. The Zacks Consensus EPS estimate has moved 0.43% higher within the past month. Brigham Minerals is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Brigham Minerals's current valuation metrics, including its Forward P/E ratio of 10.55. This valuation marks a premium compared to its industry's average Forward P/E of 8.01.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Brigham Minerals (MNRL) Stock Moves -1.89%: What You Should Know
In the latest trading session, Brigham Minerals closed at $28.51, marking a -1.89% move from the previous day. This change was narrower than the S&P 500's 2.37% loss on the day. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the mineral and royalty interests company had gained 4.83% over the past month, outpacing the Basic Materials sector's loss of 5.38% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Brigham Minerals as it approaches its next earnings report date. The company is expected to report EPS of $0.67, up 116.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $88.51 million, up 110.93% from the prior-year quarter.
MNRL's full-year Zacks Consensus Estimates are calling for earnings of $2.76 per share and revenue of $337.7 million. These results would represent year-over-year changes of +150.91% and +109.47%, respectively.
It is also important to note the recent changes to analyst estimates for Brigham Minerals. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. The Zacks Consensus EPS estimate has moved 0.43% higher within the past month. Brigham Minerals is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Brigham Minerals's current valuation metrics, including its Forward P/E ratio of 10.55. This valuation marks a premium compared to its industry's average Forward P/E of 8.01.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.