New Gold's Earnings Outlook
Portfolio Pulse from Benzinga Insights
New Gold (AMEX:NGD) is scheduled to release its quarterly earnings report on February 13, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Historically, New Gold's share price has shown varied reactions to its earnings performance, with a 26.14% increase over the last 52 weeks. The company's stock was trading at $1.19 as of February 09.
February 12, 2024 | 9:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
New Gold is expected to report an EPS of $0.02 for the upcoming quarter. Historical data shows mixed stock price reactions to earnings reports. Shares have increased by 26.14% over the last 52 weeks.
Given the positive long-term shareholder sentiment and the 26.14% increase in share price over the last year, the anticipation of a positive earnings report and guidance could lead to a short-term increase in NGD's stock price. However, the mixed historical reactions to earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100