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

Orla Mining

15/05/2024 24:52

* Orla Mining Ltd  OLA.TO  reported quarterly adjusted
earnings of
5 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from 3 cents to 6 cents per share.
    * Revenue rose 31.7% to $67.30 million from a year ago;
analysts
expected $63.37 million. 
    * Orla Mining Ltd shares had risen by 0.6% this quarter and
gained 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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 "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$6.75 
This summary was machine generated from LSEG data May 14 at
11:52 p.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
 Mar. 31 2024      0.06           0.07           Beat
 Dec. 31 2023      0.07           0.07           Met
 Sep. 30 2023      0.05                          
 Jun. 30 2023      0.04           0.07           Beat