Eldorado Gold Corp Earnings Beat Last Year but Miss Estimates

Eldorado Gold Corp reports Q1 earnings of $72.4M, up from $33.6M last year but falling short of analyst expectations of $0.33 EPS. Revenue surged 37.7% to $355.2M, showcasing growth despite missing profit targets.

Date: 02-05-2025

AI Rating: 6

Overview
Eldorado Gold Corp's recent earnings report contains key metrics of interest for professional investors, particularly regarding earnings, revenue growth, and stock buyback plans. While the reported earnings show a substantial increase compared to the prior year, they did not meet analysts' expectations, which may influence investor sentiment.

Earnings Per Share (EPS)
The reported EPS of $0.35, which grew from $0.16 the previous year, indicates a significant improvement. However, the missed expectation of $0.33 per share could lead to negative perceptions among investors, who often see missed estimates as a sign of underperformance.

Revenue Growth
Eldorado Gold Corp achieved a revenue increase of 37.7%, significantly boosting their revenue from $258.0 million to $355.2 million. This level of growth is impressive and suggests strong operational performance, which may attract positive attention from investors despite the earnings miss.

Buyback Program
The company’s announcement of an amended Normal Course Issuer Bid that raises the maximum number of repurchased shares to about 10.25 million (5% of total outstanding shares) signals confidence in their financial standing and commitment to returning capital to shareholders. Such actions often create upward pressure on stock prices as they reduce outstanding shares and improve metrics like EPS going forward.

Conclusion

Stocks: ELD.TO