| Is a Surprise Coming for Eldorado Gold (EGO) This Earnings Season? - Tale of the Tape | |
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Investors are always looking for stocks that are poised to beat at earnings season and Eldorado Gold Corporation (EGO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Eldorado Gold is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for EGO in this report. In fact, the Most Accurate Estimate for the current quarter is currently at 2 cents per share for EGO, compared to a broader Zacks Consensus Estimate of 1 cent per share. This suggests that analysts have very recently bumped up their estimates for EGO, giving the stock a Zacks Earnings ESP of 100% heading into earnings season. Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Given that EGO has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Eldorado Gold, and that a beat might be in the cards for the upcoming report. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ELDORADO GOLD (EGO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Eldorado Gold Corporation
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.5 billions as of today (US$ 10.6 billions, € 9.9 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on April 25, 2024 at CA$ 20.21. Eldorado Gold has 716 820 032 shares outstanding. |