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MP Materials Corp. (MP) Dips More Than Broader Markets: What You Should Know
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MP Materials Corp. (MP - Free Report) closed the most recent trading day at $24.28, moving -0.78% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
Heading into today, shares of the company had lost 25.69% over the past month, lagging the Basic Materials sector's loss of 1.02% and the S&P 500's loss of 2.59% in that time.
Wall Street will be looking for positivity from MP Materials Corp. as it approaches its next earnings report date. On that day, MP Materials Corp. is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 48.39%. Our most recent consensus estimate is calling for quarterly revenue of $90.31 million, down 8.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.41 per share and revenue of $515.87 million, which would represent changes of +54.95% and +55.41%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for MP Materials Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. MP Materials Corp. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MP Materials Corp. has a Forward P/E ratio of 17.39 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.47.
Also, we should mention that MP has a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Miscellaneous was holding an average PEG ratio of 2.32 at yesterday's closing price.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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MP Materials Corp. (MP) Dips More Than Broader Markets: What You Should Know
MP Materials Corp. (MP - Free Report) closed the most recent trading day at $24.28, moving -0.78% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
Heading into today, shares of the company had lost 25.69% over the past month, lagging the Basic Materials sector's loss of 1.02% and the S&P 500's loss of 2.59% in that time.
Wall Street will be looking for positivity from MP Materials Corp. as it approaches its next earnings report date. On that day, MP Materials Corp. is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 48.39%. Our most recent consensus estimate is calling for quarterly revenue of $90.31 million, down 8.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.41 per share and revenue of $515.87 million, which would represent changes of +54.95% and +55.41%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for MP Materials Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. MP Materials Corp. is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MP Materials Corp. has a Forward P/E ratio of 17.39 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.47.
Also, we should mention that MP has a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Miscellaneous was holding an average PEG ratio of 2.32 at yesterday's closing price.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 94, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.