New Gold Inc expected to post earnings of 2  cents a share - Earnings Preview

New Gold

29/04/2022 19:36

* New Gold Inc  NGD.TO   is expected to show a rise in
quarterly
revenue when it reports  results on May 2. 
    * The Toronto Ontario-based  company is expected to report 
a
0.5% increase in revenue to $165.771 million from $164.9 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for New Gold Inc is for
earnings of 2 cents per share. For the same quarter last year,
the company reported earnings of 1 cent per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months. ​
    * Wall Street's median 12-month price target for New Gold
Inc is
C$2.56​, above​ its last closing price of C$1.90. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.12        0.12       0.15      Beat    23.1
 Sep. 30 2021  0.10        0.11       0.08      Missed  -27.3
 Jun. 30 2021  0.11        0.11       0.16      Beat    45.9​
 Mar. 31 2021  0.08        0.09       0.08      Missed  -13.6
 ​​Dec.        0.11        0.10       0.15      Beat    44.8
 31 2020                                                
 Sep. 30 2020  0.09        0.12       0.12      Met     3.2​
 Jun. 30 2020  0.05        0.05       0.08      Beat    55.7
 Mar. 31 2020  0.06        0.07       0.07      Met     6.6
 This summary was machine generated April 29 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated