Novagold Resources Q1 EPS $(0.03) Misses $(0.02) Estimate
Portfolio Pulse from Benzinga Newsdesk
Novagold Resources (AMEX:NG) reported Q1 losses of $(0.03) per share, missing the consensus estimate of $(0.02) by 50%. The performance is unchanged from the same period last year.

April 03, 2024 | 9:19 pm
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NEGATIVE IMPACT
Novagold Resources reported a Q1 loss of $(0.03) per share, missing the consensus estimate by 50%, with no change from the previous year.
Missing the consensus estimate by 50% is likely to negatively impact investor sentiment towards Novagold Resources in the short term. The fact that this performance is unchanged from the previous year suggests a lack of improvement in financial health, further contributing to potential negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100