* Newmont Corporation reported quarterly adjusted earnings of 72 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 43 cents to 78 cents per share.
* Revenue rose 64.1% to $4.40 billion from a year ago; analysts expected $4.12 billion.
* Newmont Corporation's reported EPS for the quarter was 15 cents.
* The company reported quarterly net income of $853 million.
* Newmont Corporation shares had risen by 12.4% this quarter and gained 13.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 13.7% in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the gold peer group is also "buy"
Wall Street's median 12-month price target for Newmont Corporation is $52.97 This summary was machine generated from LSEG data July 24 at 09:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.62 0.72 Beat
Mar. 31 2024 0.36 0.55 Beat
Dec. 31 2023 0.46 0.50 Beat
Sep. 30 2023 0.43 0.36 Missed
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