Equinox Gold Corp reports results for the quarter ended in June - Earnings Summary

Equinox Gold

08/08/2024 02:46

* Equinox Gold Corp  EQX.A  reported a quarterly adjusted
loss of
1 cent​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of eight analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -4 cents to 2 cents per share.
    * Revenue fell 0.8% to $269.40 million from a year ago;
analysts
expected $306.33 million. 
    * Equinox Gold Corp shares had fallen by 2.7% this
quarter and
gained 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.2%
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 6 "strong buy" or "buy," 4
"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 Equinox Gold Corp
is C$10.11 
This summary was machine generated from LSEG data August 8 at
01:46 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
 Jun. 30 2024      0.14           -0.08          Missed
 Mar. 31 2024      0.11           0.06           Missed
 Dec. 31 2023      0.26           0.40           Beat
 Sep. 30 2023      0.18           0.22           Beat