Centerra Gold Q1 2024 Adj EPS $0.14 Beats $0.10 Estimate, Sales $305.800M Beat $228.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Centerra Gold (NYSE:CGAU) reported Q1 2024 adjusted EPS of $0.14, surpassing the $0.10 estimate, with sales of $305.8M exceeding the $228M forecast. This represents a 34.99% increase in sales compared to the same period last year.
May 14, 2024 | 10:28 am
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POSITIVE IMPACT
Centerra Gold reported a significant beat on both earnings per share and sales for Q1 2024, with a notable year-over-year sales increase.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial year-over-year sales growth further underscores the company's strong performance and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100