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

Orla Mining

13/08/2024 05:05

* Orla Mining Ltd  OLA.TO  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 5 cents to 10 cents per share.
    * Revenue rose 42.7% to $84.60 million from a year ago;
analysts
expected $85.92 million. 
    * Orla Mining Ltd's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $24.3
million.
    * Orla Mining Ltd shares had fallen by 8.6% this quarter and
gained 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 74.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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 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$7.50 
This summary was machine generated from LSEG data August 13 at
04:04 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
 Jan. 1 0001       0.12           0.15           Beat
 Mar. 31 2024      0.07           0.07           Met
 Dec. 31 2023      0.07           0.07           Met
 Sep. 30 2023      0.05           0.08           Beat