Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock

Core Viewpoint - Newmont Corporation (NEM) has shown a positive stock performance recently, outperforming the broader market and its industry, raising questions about its future direction [1] Earnings Estimate Revisions - The focus on earnings projections is crucial as they determine the fair value of the stock, with upward revisions leading to increased stock prices [2] - Newmont is expected to report earnings of $0.50 per share for the current quarter, reflecting a year-over-year increase of +51.5% [3] - The consensus earnings estimate for the current fiscal year is $2.42, indicating a +50.3% year-over-year change, with a slight increase of +1.9% over the last 30 days [3] - For the next fiscal year, the earnings estimate is $3.01, showing a +24.3% change from the previous year, but has decreased by -5.4% recently [3] - Newmont holds a Zacks Rank 3 (Hold), indicating a neutral outlook based on earnings estimate revisions [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $3.49 billion, representing a +30% year-over-year change [6] - For the current fiscal year, the sales estimate is $16.03 billion (+35.7%), and for the next fiscal year, it is $17.07 billion (+6.5%) [6] Last Reported Results and Surprise History - In the last reported quarter, Newmont achieved revenues of $4.02 billion, a +50.2% year-over-year increase, and an EPS of $0.55 compared to $0.40 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate of $3.4 billion by +18.37%, with an EPS surprise of +57.14% [7] - Over the last four quarters, Newmont surpassed EPS estimates once and revenue estimates twice [7] Valuation - Valuation metrics such as P/E, P/S, and P/CF are essential for assessing whether a stock is fairly valued, overvalued, or undervalued [8] - Newmont is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [10]