Earnings Preview: Gold Resource
Portfolio Pulse from Benzinga Insights
Gold Resource (AMEX:GORO) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $-0.09. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price movements. Last quarter, GORO missed its EPS estimate by $0.04, resulting in an 18.5% drop in share price. Over the last year, GORO's shares have declined by 57.85%, indicating a bearish outlook from long-term shareholders.
March 12, 2024 | 4:01 pm
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Gold Resource is expected to report an EPS of $-0.09 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, significantly impacting its share price.
Given Gold Resource's history of not meeting EPS estimates and the subsequent negative impact on its share price, it's likely that any deviation from the expected EPS could lead to a further decline in the short term. The past performance and the significant yearly decline in share price suggest a bearish outlook, making it reasonable to anticipate a negative impact on the stock price if the earnings report does not exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100