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

New Gold

26/07/2024 22:57

* New Gold Inc  NGD.TO   is expected to show a rise in
quarterly
revenue when it reports  results on July 30 for the period
ending June 30 2024
    * The Toronto Ontario-based  company is expected to report a
16.2% increase in revenue to $214.31 million from $184.4 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
earnings
of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "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
C$3.42​, above​ its last closing price of C$2.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.10        0.09       0.08      Missed  -12.5
 Dec. 31 0001  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.        0.12        0.11       0.11      Met     -2.9
 31 2023                                                
 Dec. 31 2022  0.08        0.07       0.05      Missed  -27.5​
 Sep. 30 2022  0.06        0.06       0.08      Beat    30.9
 Jun. 30 2022  0.05        0.06       0.15      Beat    144.2
 This summary was machine generated July 26 at 21:57 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)