Equinox Gold Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Equinox Gold (TSE:EQX) Second Quarter 2024 Results
Key Financial Results
Revenue: US$269.4m (flat on 2Q 2023).
Net income: US$283.8m (up by US$278.4m from 2Q 2023).
EPS: US$0.72 (up from US$0.017 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Equinox Gold EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Equinox Gold (of which 1 makes us a bit uncomfortable!) you should know about.
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