Orla Mining Ltd reports results for the quarter ended September 30 - Earnings Summary

Orla Mining

13/11/2024 14:17

* Orla Mining Ltd  OLA.TO  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of six analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 5 cents to 11 cents per share.
    * Revenue rose 64.7% to $99.30 million from a year ago;
analysts
expected $81.51 million. 
    * Orla Mining Ltd's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $21.14
million.
    * Orla Mining Ltd shares had risen by 13.1% this quarter and
gained 42.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 56.9%
in the last three months.​ 
    * In the last 30 days, two 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 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 7.63 
This summary was machine generated from LSEG data November 13 at
02:17 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
 Sep. 30 2024      0.12           0.16           Beat
 Jun. 30 2024      0.12           0.15           Beat
 Mar. 31 2024      0.06           0.07           Beat
 Dec. 31 2023      0.07           0.07           Met