New Gold Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-05

New Gold (TSE:NGD) Third Quarter 2024 Results Key Financial Results Revenue: US$252.0m (up 25% from 3Q 2023). Net income: US$37.9m (up from US$2.70m loss in 3Q 2023). Profit margin: 15% (up from net ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 25%.Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.Performance of the Canadian Metals and Mining industry.The company's shares are down 2.8% from a week ago.Don't forget that there may still be risks. For instance, we've identified   3 warning signs for New Gold  that you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NGD":"New Gold"},"translate_title":"New Gold 2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NGD":0.9},"content_text":"New Gold (TSE:NGD) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$252.0m (up 25% from 3Q 2023).\nNet income: US$37.9m (up from US$2.70m loss in 3Q 2023).\nProfit margin: 15% (up from net loss in 3Q 2023).\nEPS: US$0.048 (up from US$0.004 loss in 3Q 2023).\n\n\n\n\n  TSX:NGD Earnings and Revenue Growth November 4th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nNew Gold EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. \n Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. \nPerformance of the Canadian Metals and Mining industry.\n The company's shares are down 2.8% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   3 warning signs for New Gold  that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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