Orla Mining Ltd reports results for the quarter ended in December - Earnings Summary

Orla Mining

20/03/2024 02:29

* Orla Mining Ltd  OLA.TO  reported quarterly adjusted
earnings of
5 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 2 cents to 6 cents per share.
    * Revenue rose 10.8% to $62.95 million from a year ago;
analysts
expected $63.65 million. 
    * Orla Mining Ltd's reported EPS for the quarter was a loss
of 19
cents​.
    * Orla Mining Ltd shares had risen by 14.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 7 "strong buy" or "buy," 2
"hold" and no "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 Orla Mining Ltd
is C$6.00 
This summary was machine generated from LSEG data March 20 at
02:28 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      0.07           0.07           Met
 Sep. 30 2023      0.05                          
 Jun. 30 2023      0.04           0.07           Beat
 Mar. 31 2023      -0.04          -0.02          Beat