A Historical Look At Post-Earnings Performance For Compania de Minas Buenaventura S.A.A. (BVN)

48 days have passed by since the last earnings report for Compania de Minas Buenaventura S.A.A. (NYSE:BVN) and the new quarterly results look set to arrive in 48 days. The shares of BVN at the moment are trading at a volume of 1.21 million, which compares with its normal daily standard volume of 1209739 shares. This has led to the shares of the company declining by -1.13%, currently exchanging hands at $14 a share. BVN stock has been up by $3.85 (-21.57%) ever since it reached its 52-week high of $17.85 back in July 25, 2019. It has progressed below its 50-day moving average of $15.37 and is down -8.56% over the past week. The stock has retreated -16.8% since the last one arrived so the question here is that will the downbeat trend in that time frame continue leading up to its next earnings release, or is the BVN share price due for a breakout?

Compania de Minas Buenaventura S.A.A. (BVN) Forecasts And Latest Quarter Earnings

Ahead of their fiscal third-quarter to be released on Tuesday, Oct 29, 2019, 3 analysts who are covering the company are estimating that it will record a profit of $0.15 per share, with analysts having different outlooks from $0.07 to $0.2. The current agreed outlook, when compared to the profit recorded last year, is at -$0.04 a share, thus a decrease of -475% is expected. The profit view for a complete financial year for Compania de Minas Buenaventura S.A.A. is expected to be around $0.52 in current year, a growth of nearly -2700% from last year which was -$0.02.

Analyzing The Earnings History Of Compania de Minas Buenaventura S.A.A. (NYSE:BVN)

In the past few years, the BVN stock has been known to miss the Wall Street’s earnings projection. The company missed 83% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 2 times. Looking at the past trend, the price of Compania de Minas Buenaventura S.A.A. shares had sank following the release of their earnings in 11 of the last 17 quarters.

Looking back, here is how Compania de Minas Buenaventura S.A.A. (BVN) stock reacted to earnings misses and beats. It gave investors reason to be bearish with the price going down after 3 of the last four earnings reports. The shares of Compania de Minas Buenaventura S.A.A. recorded -8.23%, -2.59%, 2.24% and -1.98%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were -9.49%, -1.73%, 0.67% and 0.28%. Their post-earnings price movements have resulted in an average decrease of -2.64% and an average decrease of -2.57% in Compania de Minas Buenaventura S.A.A. on next day and 7th day, sequentially. BVN’s one month stock performance led to its shares declining by -10.43% with a return of 12.72% witnessed over the last 52 weeks.

Compania de Minas Buenaventura S.A.A. (BVN) Post Earnings Announcement Drift (PEAD)

Back on July 25, 2019, Compania de Minas Buenaventura S.A.A. (NYSE:BVN) released its Q2 results, in which it recorded EPS of $0.04 that fell short of consensus estimates of $0.07. After the earnings were reported, the price of BVN stock kicked off the session at $16.04 and remained in a range of $17.45 to $17.62 on the first day. The shares were priced at $16.05 at the close with a total volume of shares being 1161515.

On April 30, 2019, the Q1 earnings report was disclosed with EPS of $0.11. This was above the estimation of $0.08 per share. The stock price range of BVN was between $16.17 and $16.57 on the first-day post announcement, after opening the day at $15.74. The session came to close at $15.79 and there was a total volume of 1208705 shares.

February 21, 2019 was the day when its Q4 results were unveiled. The loss came in at -$0.26, missing the projected $0.05 per share. The very next day, BVN stock opened at $16.1 while staying in a range of $16.54 to $17.1. At the end, it moved to $16.9 a total volume of shares been 1172572.

In the year-ago Q3 earnings on October 25, 2018, the company saw a loss per share of -$0.04. That was worse than the $0.15 analysts had expected. Compania de Minas Buenaventura S.A.A. share price started at $13.53 on the first full trading day post-earning and then exchanged hands between $13.53 and $14.2 throughout the session. The closing price of $13.87 came on the back of 1829748 shares in volume.