Equity Profile

SCCO

Southern Copper Corporation

MaterialsCopper$145.2B

Apr28Tue

Post-Earnings Recap

ReportedQ1-2026After Close1:00 AM EDT

Southern Copper Corporation Beats on EPS, Stock Down 4.28%

Metric	Actual	Expected	Surprise
EPS	$1.92	$1.81	+8.47%
Revenue	N/A	$4.2B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Southern Copper Corporation Beats on EPS, Stock Down 4.28%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.92	$1.81	+8.47%
Revenue	N/A	$4.2B	N/A

Management Commentary

Tone: Cautiously Optimistic

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.

What It Means

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.

Company Snapshot

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.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

$1.81

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$4.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+8.15%

Avg Stock Reaction

-0.30%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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

$1.81

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$4.2B

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

What commentary will management provide on copper demand and pricing?

Insights into market conditions will be crucial for understanding future revenue potential.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.06%

Historical Avg

±2.7%

Pricing rich

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 ±2.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

53.6%

Calls (104K)P/C Ratio: 1.15Puts (275K)

Preparation

Post-Print Playbook

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.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on copper pricing trends and their impact on margins.
2Management's outlook on demand from the renewable energy sector.
3Details on production costs and any potential impacts on profitability.
4Insights into operational efficiency improvements or challenges.
5Any commentary on geopolitical factors affecting supply chains.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

$1.81

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$4.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+8.15%

Avg Stock Reaction

-0.30%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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

$1.81

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$4.2B

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

What commentary will management provide on copper demand and pricing?

Insights into market conditions will be crucial for understanding future revenue potential.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.06%

Historical Avg

±2.7%

Pricing rich

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 ±2.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

53.6%

Calls (104K)P/C Ratio: 1.15Puts (275K)

Preparation

Post-Print Playbook

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.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on copper pricing trends and their impact on margins.
2Management's outlook on demand from the renewable energy sector.
3Details on production costs and any potential impacts on profitability.
4Insights into operational efficiency improvements or challenges.
5Any commentary on geopolitical factors affecting supply chains.