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Equinox Gold First Quarter 2024 Earnings: Misses Expectations

Equinox Gold (TSE:EQX) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$241.3m (up 3.1% from 1Q 2023).

  • Net loss: US$42.8m (down by 346% from US$17.4m profit in 1Q 2023).

  • US$0.13 loss per share (down from US$0.056 profit in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Equinox Gold Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 143%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.

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Performance of the Canadian Metals and Mining industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Be aware that Equinox Gold is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.