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Earnings Estimates Rising for Newmont (NEM): Will It Gain?
NewmontNewmont(US:NEM) ZACKSยท2025-08-05 17:21

Core Viewpoint - Newmont Corporation (NEM) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - There is a rising trend in estimate revisions due to growing analyst optimism regarding Newmont's earnings prospects, which is expected to positively impact its stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and near-term stock price movements [2]. - Current-quarter earnings are estimated at $1.18 per share, reflecting a +45.7% change from the previous year [6]. - The consensus estimate for the current quarter has increased by 23.09% over the last 30 days, with two estimates moving higher and one lower [6]. - For the full year, earnings are expected to be $5.10 per share, representing a +46.6% change from the prior year [7]. - Over the past month, five estimates for the current year have been revised upward, with no negative revisions [7]. Zacks Rank and Performance - Newmont has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable tool for investors to make informed decisions [8]. - Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008 [3]. - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [8]. Stock Performance - Newmont shares have increased by 8.7% over the past four weeks, indicating investor confidence in its earnings growth prospects [9].