Eldorado Gold Q3 Adj EPS $0.17 Beats $0.07 Estimate, Sales $245.25M Miss $261.77M Estimate
Portfolio Pulse from mahesh@benzinga.com
Eldorado Gold (NYSE:EGO) reported Q3 earnings of $0.17 per share, beating the analyst consensus estimate of $0.07 by 142.86%. This is a 525% increase from the same period last year. However, the company's quarterly sales of $245.25 million missed the analyst consensus estimate of $261.77 million by 6.31%, though it's a 12.66% increase from last year.
October 26, 2023 | 9:27 pm
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NEUTRAL IMPACT
Eldorado Gold's Q3 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
Eldorado Gold's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed sales estimates could counteract this positive effect and lead to uncertainty in the stock's short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100