Northgate Minerals Corp. Falls Short of Analyst Expectations; NXG, NEM, GG
Tuesday, 03 November 2009 06:57

 

Analysts were expecting Northgate Minerals Corp. (NXG) [Chart - News - Analysis] to report earnings of $0.04 for last quarter, but NXG missed expectations with actual earnings of $0.03---1 cent below the consensus estimate.

 

If you compare last quarter's earnings to the $-0.12 the company made per share during the same quarter a year ago, you can see that NXG’s earnings are up this year.

 

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Also, if you compare NXG's 0.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 10.74% for the Gold industry as a whole during that same time frame, you can see that analysts expect NXG to underperform the industry in the future---which is a bad sign for the stock.

 

Drilling down a little deeper into the Gold industry, you can see how analysts believe NXG will stack up against some of the other stocks in the industry, like Newmont Mining Corp. (NEM) [Chart - News - Analysis] and Goldcorp Inc. (GG) [Chart - News - Analysis], in the future. Analysts believe NEM's earnings are going to grow at a rate of 13.43% while GG's earnings are going to grow at a rate of 7.50%.

 

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

 

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

 

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