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

Equinox Gold

01/11/2023 04:40

* Equinox Gold Corp  EQX.A  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -5 cents
tozero cents per share.
    * Revenue rose 16.2% to $284.75 million from a year ago;
analysts
expected $303.09 million. 
    * Equinox Gold Corp shares had risen by 9.1% this
quarter and
gained 40.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is 
"hold."

Wall Street's median 12-month price target for Equinox Gold Corp
is C$8.50 
This summary was machine generated from LSEG data November 1 at
04:40 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.18           0.22           Beat
 Jun. 30 2023      0.13           0.06           Missed
 Mar. 31 2023      0.14           0.42           Beat
 Dec. 31 2022      0.17           0.13           Missed