New Gold Inc expected to post breakeven results a share - Earnings Preview

New Gold

26/04/2024 22:22

* New Gold Inc  NGD.TO   is expected to show a fall in
quarterly
revenue when it reports  results on April 30 for the period
ending March 31 2024
    * The Toronto Ontario-based  company is expected to report a
5.3% decrease in revenue to $190.92 million from $201.6 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for New Gold Inc is for
breakeven
results per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months. ​
    * Wall Street's median 12-month price target for New Gold
Inc is
C$2.72​, above​ its last closing price of C$2.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.11        0.11       0.10      Missed  -8
 Sep. 30 2023  0.12        0.12       0.15      Beat    26.5
 Jun. 30 2023  0.11        0.10       0.08      Missed  -20.3​
 Mar. 31 2023  0.12        0.11       0.11      Met     -2.9
 ​​Dec.        0.08        0.07       0.05      Missed  -27.5
 31 2022                                                
 Sep. 30 2022  0.06        0.06       0.08      Beat    30.9​
 Jun. 30 2022  0.05        0.06       0.15      Beat    144.2
 Mar. 31 2022  0.10        0.10       0.10      Met     2.2
 This summary was machine generated April 26 at 21:22 GMT.  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)