EGO Earnings Prediction
The chart below shows how EGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EGO sees a +6.69% change in stock price 10 days leading up to the earnings, and a +0.36% change 10 days following the report. On the earnings day itself, the stock moves by -1.48%. This data can give you a slight idea of what to expect for the next quarter's release.
EGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
331.76M
35.27%
11.65%
Gross Margin
38.12%
40.92%
3.08%
Operating Margin
30.89%
71.99%
2.25%
Net Margin
30.45%
1219.49%
60.52%
EPS
0.46
1250.00%
70.37%
No Data Available
EGO Earnings Analysis
Eldorado Gold Corporation Corporation (EGO.N) Earnings Conference Call
Positive
Gold Production Increase: 1. Increased Gold Production: Eldorado Gold achieved safe gold production of 125,195 ounces in Q3 2024, aligning with their full-year guidance and reflecting a 7% increase compared to the same period in 2023.
Quarterly Earnings Surge: 2. Strong Financial Performance: The company reported net earnings attributable to shareholders of approximately $101 million or $0.49 per share for the quarter, significantly benefiting from higher revenue due to increased volumes sold and prices realized.
Cash Flow Improvement: 3. Positive Cash Flow Generation: Cash flow generated by operating activities before changes in working capital was $166.5 million in Q3 2024, up from $97.5 million in the same quarter last year, driven by an $87 million increase in revenue.
Strong Liquidity Position: 4. Robust Liquidity Position: Eldorado ended the quarter with total liquidity of $885 million, including $677 million in cash and cash equivalents, positioning the company well for future investments and operational needs.
CBA Negotiations Success: 5. Successful CBA Negotiations: The company successfully concluded a three-year collective bargaining agreement at Olympias, which is expected to enhance productivity and support the planned expansion of the mill to 650,000 tonnes per annum.
Negative
Production Guidance Reduction: 1. Lowered Production Guidance: Gold production guidance was reduced to 505,000 to 530,000 ounces from a previous range of 505,000 to 555,000 ounces due to inventory buildup at Kisladag and work stoppages at Olympias.
Rising Cash Costs: 2. Increased Cash Costs: Total cash costs were reported at $953 per ounce sold, up from previous guidance of $840 to $940 per ounce, primarily due to higher royalties and labor costs.
Negative Cash Flow Challenges: 3. Negative Free Cash Flow: The company reported negative free cash flow of $4.8 million for the quarter, indicating challenges in cash generation despite higher gold prices.
Rising Labor Expenses: 4. Increased Labor Costs: Labor costs increased significantly, contributing to a total cash cost of $1,210 per ounce sold at Olympias, which was impacted by one-off and backpay repayments.
Increased Tax Expenses: 5. Higher Tax Expenses: Current tax expenses rose to approximately $40 million, up from $21 million in the same quarter of the previous year, driven by increased Turkish taxes and capital gains tax.
EGO FAQs
How does EGO typically perform around its earnings report dates?
Is Eldorado Gold Corporation (EGO) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
EGO Earning Call Sentiment
Eldorado Gold Corporation (EGO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EGO.N
3.29%Positive
The earnings call summary presents a mixed picture. Financial performance shows increased net earnings and cash flow, but with negative free cash flow and increased costs. The Q&A reveals some uncertainties, particularly regarding underground development and inflationary pressures. However, optimistic guidance on production and liquidity provides balance. The market cap suggests moderate reaction, leading to a neutral prediction.
