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Equinox Gold (EQX)
NYSE MKT:EQX
Holding EQX?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
<$0.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.35%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong overall performance for Equinox Gold with record production and revenue, primarily driven by the successful ramp-up and commercial production at Greenstone. However, challenges persist, particularly at Santa Luz and Los Filos, where operational and community-related issues need resolution. Despite these challenges, the company's financial position is improving, with a focus on deleveraging.Company Guidance
During the Q3 2024 earnings call for Equinox Gold, the company provided comprehensive guidance on several key operational and financial metrics. The company reported a record quarter with approximately 174,000 ounces of gold produced and sold, achieving a cash cost per ounce of $17.20 and an all-in sustaining cost of $19.94, excluding Greenstone's figures. Greenstone, which began its commercial production, produced over 42,000 ounces during Q3 and is expected to contribute significantly to the company's target of 590,000 to 675,000 ounces for the full year 2024. Financially, Equinox Gold recorded a revenue of $428 million, an increase driven by higher production and gold prices, while adjusted EBITDA reached $142 million. The company plans to focus on deleveraging as free cash flow increases, especially following the retirement of a $140 million convertible note and the amendment of certain gold prepay arrangements to optimize cash liquidity.Record Third Quarter Performance
Equinox Gold achieved record third quarter performance in terms of gold sales, revenue, adjusted EBITDA, and other metrics with just under 174,000 gold ounces produced and sold.
Commercial Production at Greenstone
Greenstone mine achieved commercial production, contributing significantly to production with over 42,000 ounces of gold in Q3.
Successful Fundraising Initiatives
Raised over CAD 1.3 million for the Geraldton District Hospital and $200,000 for other charities.
Increase in Revenue and Adjusted EBITDA
Q3 revenue was $428 million, and adjusted EBITDA increased to $142 million, driven by higher production and gold prices.
Deleveraging Plans Initiated
With commercial production at Greenstone, Equinox plans to use cash flow to pay down debt, starting with the retirement of $140 million in convertible notes.
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EQX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.19 | $5.81 | +11.95% |
| Aug 08, 2024 | $4.66 | $4.98 | +6.87% |
| May 08, 2024 | $5.58 | $5.27 | -5.56% |
| Feb 22, 2024 | $4.56 | $4.15 | -8.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equinox Gold (EQX) report earnings?
Equinox Gold (EQX) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Equinox Gold (EQX) earnings time?
Equinox Gold (EQX) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQX EPS forecast?
EQX EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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