Newmont Corporation (NEM) Beats Q3 Earnings and Revenue Estimates

Core Insights - Newmont Corporation reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.29 per share, and showing a significant increase from $0.81 per share a year ago, resulting in an earnings surprise of +32.56% [1] - The company achieved revenues of $5.52 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 11.06% and up from $4.61 billion year-over-year [2] - Newmont's stock has increased approximately 133.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [3] Earnings Outlook - The future performance of Newmont's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $5.13 billion, and for the current fiscal year, it is $5.65 on revenues of $20.8 billion [7] Industry Context - The Mining - Gold industry, to which Newmont belongs, is currently ranked in the top 13% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Another company in the same industry, Comstock Inc., is expected to report a quarterly loss of $0.18 per share, with revenues projected to be $0.99 million, reflecting a year-over-year increase of 76.8% [9]