Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$1.92
EPS est.
$1.77
EPS surprise
+8.47%
1-day move
-4.28%
Southern Copper's earnings report shows a solid EPS beat, indicating better-than-expected profitability. However, the stock fell by 4.28%, likely due to the lack of revenue data and no guidance updates. Investors may be concerned about ongoing market challenges and cost pressures mentioned by management.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.92 | $1.81 | +8.47% |
| Revenue | N/A | $4.2B | N/A |
Overall, management expressed a cautious optimism about future operations. They emphasized their commitment to navigating current market conditions.
Management highlighted strong operational performance despite market challenges.
They acknowledged ongoing cost pressures but remain focused on efficiency improvements.
Southern Copper Corporation (SCCO) is a major player in the copper industry, focusing on mining and producing copper and other metals. With a market cap of $147 billion, the company is significant in the materials sector, especially as demand for copper continues to rise due to its use in renewable energy and electric vehicles.
Last quarter
In Q4 2025, Southern Copper reported an EPS of $1.56, exceeding expectations by 8.33%. The stock reacted positively, gaining 3.41% the following day.
EPS beat streak
6Q
EPS beat rate
88%
Avg EPS surprise
+7.48%
Avg 1-day reaction
+0.58%
Analysts expect Southern Copper to report strong earnings this quarter, with a consensus EPS of $1.81. The company has a solid track record of beating earnings expectations, which could lead to positive market reactions.
Bull case
If Southern Copper meets or exceeds the EPS estimate, it could signal strong operational performance and increased demand for copper, especially in green technologies.
Bear case
On the other hand, if the company falls short of expectations, it may indicate weakening demand or rising costs, leading to a negative market reaction.
Key metrics to watch
EPS
$1.81Earnings per share is a key indicator of the company's profitability and financial health.
Revenue
$4.2BRevenue figures provide insight into the company's sales performance and market demand.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $1.81?
A beat on EPS could reinforce investor confidence and lead to a positive stock reaction.
Q2
What commentary will management provide on copper demand and pricing?
Insights into market conditions will be crucial for understanding future revenue potential.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The consensus may underestimate the potential for copper demand driven by renewable energy projects, which could lead to stronger-than-expected revenue.
Supporting evidence
Southern Copper has consistently beaten EPS estimates, suggesting operational resilience.
Recent trends in electric vehicle production could drive copper demand higher than anticipated.
Key risk
If management indicates a strong outlook for copper demand, it could significantly shift market expectations.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on the company's ability to meet or exceed earnings expectations amid fluctuating copper prices.
Bull confirmed if
An EPS of $1.85 or higher would confirm strong operational performance and demand.
Bear confirmed if
An EPS below $1.73 could indicate weakening demand or rising costs.
What the market is pricing for the move.
Implied Move
±6.06%
Historical Avg
±3.6%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±5.4% while SCCO has averaged ±3.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.7%
30d HV
53.6%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$20,000.00
100 sh
1 insider
Net
$20,000.00
Net selling
Most Active Insiders· 1 open-market trade
Smart-money positioning from the most recent 13F filings.
Institutional
9.82%
of float
Insider
90.06%
of float
Holders
1,177
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
10,043,921 sh · $2.0B
1.20%
4.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Southern Copper beats expectations, history suggests a positive stock reaction, averaging a 1.34% increase.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future demand.
Miss
A miss could lead to a significant downturn, with historical data showing an average decline of 5.10% following earnings misses.
The lines on the call that would change the story.
$20,000.00
Net selling
Recent Transactions
Sep 24, 2026 · @ $200.00
100 sh
$20,000.00
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Capital World Investors
7,854,819 sh · $1.6B
0.94%
-10.8%
Price (T.Rowe) Associates Inc
3,176,590 sh · $637.1M
0.38%
8.6%
State Street Corporation
3,064,912 sh · $614.7M
0.37%
2.9%
Fisher Asset Management, LLC
2,822,889 sh · $566.2M
0.34%
19.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.