TRX Gold (TRX) Meets Q4 Earnings Estimates

Company Performance - TRX Gold reported quarterly earnings of $0.01 per share, matching the Zacks Consensus Estimate, and the same as the previous year [1] - The company posted revenues of $13.62 million for the quarter ended August 2024, missing the Zacks Consensus Estimate by 17.44%, compared to $9.19 million in the same quarter last year [2] - Over the last four quarters, TRX Gold has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Movement and Outlook - TRX Gold shares have declined approximately 7.3% since the beginning of the year, while the S&P 500 has gained 25.8% [4] - The company's earnings outlook is mixed, with current consensus EPS estimates of $0.02 on $19.5 million in revenues for the coming quarter and $0.07 on $70.65 million in revenues for the current fiscal year [8] - The Zacks Rank for TRX Gold is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Mining - Gold industry, to which TRX Gold belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact TRX Gold's stock performance [6]