Yahoo Finance Newmont First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Newmont (NYSE:NEM) First Quarter 2024 Results
Key Financial Results
Revenue: US$4.02b (up 50% from 1Q 2023).
Net income: US$166.0m (down 51% from 1Q 2023).
Profit margin: 4.1% (down from 13% in 1Q 2023).
EPS: US$0.14 (down from US$0.43 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newmont Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 61%.
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Newmont (1 is concerning!) that we have uncovered.
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