HudBay Minerals (HBM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how HudBay Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Payable metal sold - Copper - British Columbia: 5,559.00 Ton versus the 11-analyst average estimate of 5,752.64 Ton.
• Payable metal sold - Gold - Peru: 4,042.00 Oz compared to the 3,720.47 Oz average estimate based on 11 analysts.
• Realized Sales Prices - Silver: $52.5 per ounce versus the 11-analyst average estimate of $72.7 per ounce.
• Realized Sales Prices - Gold: $4312 per ounce versus $4859.9 per ounce estimated by 11 analysts on average.
• Revenue from external customers- Peru: $273.3 million versus $290.99 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
• Revenue from external customers- British Columbia: $99.6 million versus the nine-analyst average estimate of $99.38 million. The reported number represents a year-over-year change of +18.9%.
• Revenue from external customers- Manitoba: $258.4 million versus $292.18 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +33.9% change.
• Revenue from contracts: $658.4 million versus $685.72 million estimated by 11 analysts on average. Compared to the year-ago quarter, this number represents a +25.1% change.
• Revenue from contracts- Zinc: $9.6 million versus $13.73 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +35.2% change.
• Revenue from contracts- Silver: $34.1 million compared to the $39.3 million average estimate based on 10 analysts. The reported number represents a change of +145.3% year over year.
• Revenue from contracts- Molybdenum: $18.4 million versus the 10-analyst average estimate of $13.64 million. The reported number represents a year-over-year change of -3.7%.
• Revenue from contracts- Copper: $333.8 million versus the 10-analyst average estimate of $352.6 million. The reported number represents a year-over-year change of +12.4%.

View all Key Company Metrics for HudBay Minerals here>>>

Shares of HudBay Minerals have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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