New Gold Q2 Adj EPS $0.02, Inline, Sales $184.40M Miss $241.12M Estimate
Portfolio Pulse from totan@benzinga.com
New Gold (TSX:NGD) reported Q2 earnings of $0.02 per share, in line with analyst estimates, marking a 200% increase YoY. However, the company's quarterly sales of $184.40 million missed the consensus estimate of $241.12 million by 23.52%, despite a 59.38% increase YoY.
July 26, 2023 | 10:06 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
New Gold's Q2 earnings were in line with estimates, but sales missed expectations by 23.52%. Despite this, both earnings and sales saw significant YoY increases.
New Gold's earnings were in line with estimates, which is a positive signal. However, the company's sales missed the consensus estimate by a significant margin, which could negatively impact the stock. The YoY increases in both earnings and sales suggest overall growth, which could offset the negative impact of the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100