Earnings Preview: Novagold Resources


Novagold Resources NG is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement.

Analysts estimate that Novagold Resources will report an earnings per share (EPS) of $-0.03.

Novagold Resources bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Here's a look at Novagold Resources's past performance and the resulting price change:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate -0.03 -0.03
EPS Actual -0.05 -0.04 -0.03 -0.03
Price Change % -6.13% -10.43% -0.52% -5.09%

Stock Performance

Shares of Novagold Resources were trading at $6.8 as of January 23. Over the last 52-week period, shares are up 7.33%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Novagold Resources visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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