New Gold to Report Q4 Results: What's in the Cards for the Stock?

Core Viewpoint - New Gold (NGD) is anticipated to show a significant improvement in earnings for the fourth quarter of 2025, with an expected earnings per share (EPS) of 27 cents, reflecting a 285.7% increase from the previous year's EPS of 7 cents [1]. Earnings Estimates - The Zacks Consensus Estimate for NGD's EPS has decreased by 3.6% over the past 60 days [1]. - The current EPS estimate for Q1 is 0.27, Q2 is 0.43, E1 is 0.66, and E2 is 1.55, with revisions showing a trend of -3.57% for Q1, +72.00% for Q2, +13.79% for E1, and +40.91% for E2 [2]. Earnings Surprise History - New Gold has consistently beaten the Zacks Consensus Estimate in the last four quarters, achieving an average earnings surprise of 41.4% [2][3]. - The reported EPS for the last four quarters were 0.25, 0.11, 0.02, and 0.07, with respective surprises of 38.89%, 10.00%, 100.00%, and 16.67% [3]. Production and Sales Performance - In Q4 2025, New Gold produced a total of 107,778 ounces of gold, with a notable 55% year-over-year increase from the Rainy River mine, which produced 94,423 ounces [5][6]. - Overall quarterly gold production rose by 34% year-over-year, despite a 32% decline in production at the New Afton mine [6]. - New Gold sold 104,886 ounces of gold in Q4 2025, a 36% increase from 77,281 ounces in the same quarter last year [7]. Revenue and Operating Expenses - Revenues for the quarter are expected to benefit from higher gold sales volumes and increased gold prices, although copper sales volumes declined [8]. - Operating expenses are likely to have risen compared to the previous year, primarily due to increased gold production levels [8]. Stock Performance - New Gold's stock has surged by 280.1% over the past year, significantly outperforming the industry growth of 143.8% [11].