Newmont Shares Drop 2.75% to $116.09 Ahead of $1.66 EPS Forecast
Newmont shares fell 2.75% to $116.09, underperforming the S&P 500 and Dow, after a prior 2.16% gain that trailed the Basic Materials sector’s 3.46% increase. Analysts project Q1 EPS of $1.66 (+32.8% YoY) on $5.48 billion sales and full-year EPS of $8.43 (+22.4%) on $24.06 billion revenue.
1. Market Performance Decline
Newmont shares ended at $116.09, down 2.75%, underperforming the S&P 500 (–0.57%), Dow (–1.61%) and Nasdaq (–0.26%) after earlier gains of 2.16% lagged the Basic Materials sector’s 3.46% rise.
2. First-Quarter Earnings Outlook
Analysts forecast Q1 EPS of $1.66, up 32.8% year-over-year, on revenue of $5.48 billion, representing a 9.5% increase from the same quarter last year.
3. Full-Year Estimates and Revisions
Consensus estimates show full-year EPS of $8.43 (+22.35%) and revenue of $24.06 billion (+6.14%), with EPS forecasts having risen 8.34% over the past month.
4. Valuation Compared to Peers
Newmont trades at a forward P/E of 14.17 versus an industry average of 11.87 and carries a PEG ratio of 0.96 against an industry 1.22, indicating a valuation premium.