Will New Gold (NGD) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - New Gold (NGD) is positioned to continue its earnings-beat streak, having a strong track record of exceeding earnings estimates in recent quarters [1][2]. Earnings Performance - In the last reported quarter, New Gold achieved earnings of $0.08 per share, surpassing the Zacks Consensus Estimate of$0.04 per share, resulting in a 100% surprise [2]. - In the previous quarter, the company was expected to earn $0.01 per share but delivered$0.02 per share, also reflecting a 100% surprise [2]. Earnings Estimates - Recent estimates for New Gold have been revised upward, indicating a positive trend in earnings expectations [3]. - The Zacks Earnings ESP for New Gold is currently +5.88%, suggesting analysts are optimistic about the company's near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - New Gold's combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood 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 [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [6].