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

New Gold

31/07/2024 01:12

* New Gold Inc  NGD.TO  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of
eight analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -1 cents to 5
cents per share.
    * Revenue rose 18.3% to $218.20 million from a year ago;
analysts
expected $214.31 million. 
    * New Gold Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $53.1
million.
    * New Gold Inc shares had risen by 5.9% this quarter and
gained 49.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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

Wall Street's median 12-month price target for New Gold Inc is
C$3.42 
This summary was machine generated from LSEG data July 31 at
12:12 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
 Jun. 30 2024      0.11           0.14           Beat
 Mar. 31 2024      0.09           0.08           Missed
 Dec. 31 2023      0.11                          
 Sep. 30 2023      0.12