Wesdome Gold Mines Ltd reports results for the quarter ended in September 30 - Earnings Summary

Wesdome Gold Mines (ontario)

07/11/2024 04:56

* Wesdome Gold Mines Ltd  WDO.TO  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -2 cents.  The mean expectation of four analysts
for the quarter was for earnings of 25 cents per share. Wall
Street expected results to range from 20 cents to 31 cents per
share.
    * Revenue rose 110.7% to $146.85 million from a year ago;
analysts
expected C$153.00 million. 
    * Wesdome Gold Mines Ltd shares had fallen by 6.0% this
quarter and gained 54.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
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 4 "strong buy" or "buy," 3
"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 Wesdome Gold
Mines Ltd is 15.00 
This summary was machine generated from LSEG data November 7 at
04:56 a.m. UTC. ​All figures in Canadian 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      0.47           0.41           Missed
 Jun. 30 2024      0.35           0.38           Beat
 Mar. 31 2024      0.24           0.31           Beat
 Dec. 31 2023      0.16           0.24           Beat