Calibre Mining Corp. (TSE:CXB) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that Calibre Mining Corp. (TSE:CXB) released its quarterly result to the market. The early response was not positive, with shares down 6.9% to CA$2.29 in the past week. Revenues came in 2.1% below expectations, at US$117m. Statutory earnings per share were relatively better off, with a per-share profit of US$0.18 being roughly in line with analyst estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Calibre Mining

Taking into account the latest results, the most recent consensus for Calibre Mining from five analysts is for revenues of US$1.02b in 2025. If met, it would imply a substantial 91% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 1,177% to US$0.46. Before this earnings report, the analysts had been forecasting revenues of US$1.03b and earnings per share (EPS) of US$0.30 in 2025. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the very substantial lift in earnings per share expectations following these results.

There's been no major changes to the consensus price target of CA$3.64, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Calibre Mining analyst has a price target of CA$5.00 per share, while the most pessimistic values it at CA$3.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Calibre Mining shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Calibre Mining's past performance and to peers in the same industry. The analysts are definitely expecting Calibre Mining's growth to accelerate, with the forecast 68% annualised growth to the end of 2025 ranking favourably alongside historical growth of 31% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 16% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Calibre Mining is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Calibre Mining's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at CA$3.64, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Calibre Mining. Long-term earnings power is much more important than next year's profits. We have forecasts for Calibre Mining going out to 2026, and you can see them free on our platform here.

Plus, you should also learn about the 3 warning signs we've spotted with Calibre Mining (including 2 which are a bit concerning) .

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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. Simply Wall St has no position in any stocks mentioned.