New Gold Inc reports results for the quarter ended in December - Earnings Summary

New Gold

14/02/2024 24:17

* New Gold Inc  NGD.TO  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in December, identical to
the same quarter last year.  The mean expectation of
nine analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from 1 cents to 3
cents per share.
    * Revenue rose 22.4% to $199.20 million from a year ago;
analysts
expected $191.07 million. 
    * New Gold Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $27.4 million.
    * New Gold Inc shares had fallen by 13.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the gold peer
group is
also "hold"

Wall Street's median 12-month price target for New Gold Inc is
$1.65 
This summary was machine generated from LSEG data February 14 at
12:16 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           0.10           Missed
 Sep. 30 2023      0.12           0.15           Beat
 Jun. 30 2023      0.10           0.08           Missed
 Mar. 31 2023      0.11           0.11           Met