New Gold First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

New Gold (TSE:NGD) First Quarter 2024 Results

Key Financial Results

• Revenue: US$192.1m (down 4.7% from 1Q 2023).
• Net loss: US$43.5m (loss widened by 37% from 1Q 2023).
• US$0.063 loss per share (further deteriorated from US$0.047 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New Gold Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on New Gold's balance sheet health.

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