New Gold Q4 2023 Adj EPS $(0.01) Misses $0.02 Estimate, Sales $199.20M Beat $191.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Gold (NGD) reported a Q4 2023 adjusted EPS of $(0.01), missing the $0.02 estimate, but sales of $199.20M exceeded the $191.07M forecast, marking a 22.36% increase from the previous year.
February 13, 2024 | 10:24 pm
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New Gold reported a Q4 2023 adjusted EPS of $(0.01), missing estimates, but sales of $199.20M exceeded expectations, showing a 22.36% increase from last year.
The mixed results from New Gold, with a miss on EPS but a beat on sales, could lead to a neutral short-term impact on the stock price. Investors might weigh the negative earnings miss against the positive sales performance and future growth potential indicated by the year-over-year sales increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100