B2Gold Corp reports results for the quarter ended in December - Earnings Summary

B2Gold

23/02/2024 03:04

* B2Gold Corp  BTO.TO  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 8 cents per share. Wall Street expected
results to range from 6 cents to 11 cents per share.
    * Revenue fell 13.6% to $511.97 million from a year ago;
analysts
expected $501.43 million. 
    * B2Gold Corp's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $113.22 million.
    * B2Gold Corp shares had fallen by 18.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is
also "buy"

Wall Street's median 12-month price target for B2Gold Corp is
C$6.50 
This summary was machine generated from LSEG data February 23 at
03:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.17           0.16           Missed
 Sep. 30 2023      0.15           0.08           Missed
 Jun. 30 2023      0.15           0.16           Beat
 Mar. 31 2023      0.17           0.18           Beat