Centerra Gold Q4 2023 Adj EPS $0.28 Beats $0.27 Estimate, Sales $340.00M Miss $354.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Centerra Gold (NYSE:CGAU) reported Q4 2023 adjusted EPS of $0.28, surpassing the $0.27 estimate, but its sales of $340.00M fell short of the $354.79M estimate. This represents a 63.22% increase in sales compared to the same period last year.
February 22, 2024 | 10:20 pm
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NEUTRAL IMPACT
Centerra Gold reported higher than expected Q4 2023 adjusted EPS but missed sales estimates, with a significant year-over-year sales increase.
While Centerra Gold exceeded EPS expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact. The significant year-over-year sales growth, however, highlights the company's strong performance and may support investor confidence.
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IMPORTANCE 90
RELEVANCE 100