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

New Gold

09/02/2024 21:10

* New Gold Inc  NGD.TO   is expected to show a rise in
quarterly
revenue when it reports  results on February 13 for the period
ending December 31 2023
    * The Toronto Ontario-based  company is expected to report a
17.4% increase in revenue to $191.067 million from $162.8
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (Sales is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for New Gold Inc is for
earnings
of 2 cents 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New Gold
Inc is
$1.65​, below​ its last closing price of C$1.68. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.08        0.07       0.05      Missed  -27.5
 ​​Sep.        0.06        0.06       0.08      Beat    30.9
 30 2022                                                
 Jun. 30 2022  0.05        0.06       0.15      Beat    144.2​
 Mar. 31 2022  0.10        0.10       0.10      Met     2.2
 Dec. 31 2021  0.12        0.12       0.15      Beat    23.1
 This summary was machine generated February 9 at 21:10 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)