New Gold's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
New Gold (AMEX:NGD) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $0.02. The company's past earnings performance shows mixed results, with the last quarter missing the EPS estimate by $0.00 but resulting in a 4.67% share price increase the following day. Over the last year, NGD shares have risen by 26.14%, trading at $1.19 as of February 09. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 12, 2024 | 9:01 pm
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New Gold is expected to report an EPS of $0.02 for the latest quarter, with historical performance showing mixed results. Shares have increased by 26.14% over the last year.
Given the positive year-over-year share performance and anticipation around the earnings report, NGD's stock is likely to see short-term positive movement, especially if the earnings beat expectations or the company provides positive future guidance.
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