Will Eldorado Gold (EGO) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Eldorado Gold Corporation (EGO) is positioned to potentially continue its earnings-beat streak in the upcoming report, having a history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 16.49% [1][2]. Earnings Performance - For the last reported quarter, Eldorado Gold achieved earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, resulting in a surprise of 6.06% [2]. - In the previous quarter, the company was expected to report earnings of $0.26 per share but delivered $0.33 per share, leading to a surprise of 26.92% [2]. Earnings Estimates - Recent estimates for Eldorado Gold have been trending upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a favorable outlook for earnings performance [3][6]. - The current Earnings ESP for Eldorado Gold stands at +3.99%, suggesting increased analyst optimism regarding its near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, indicating a strong likelihood of beating consensus estimates [4]. - Eldorado Gold's combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) further supports the possibility of another earnings beat [6]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss, but it can reduce predictive power [6].