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Newmont (NEM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Newmont Corporation (NEM - Free Report) reported $7.31 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 45.9%. EPS of $2.90 for the same period compares to $1.25 a year ago.
The reported revenue represents a surprise of +14.88% over the Zacks Consensus Estimate of $6.36 billion. With the consensus EPS estimate being $2.07, the EPS surprise was +40.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Newmont performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Realized Price - Gold: $4900 per ounce versus the three-analyst average estimate of $4893.5 per ounce.
Average Realized Price - Copper: 5.68 $/lb versus the three-analyst average estimate of 5.56 $/lb.
Average Realized Price - Zinc: 1.44 $/lb versus 1.38 $/lb estimated by three analysts on average.
Average Realized Price - Lead: 0.84 $/lb versus 0.88 $/lb estimated by three analysts on average.
Geographic Revenue- Nevada Gold Mines: $1.17 billion compared to the $1.2 billion average estimate based on two analysts. The reported number represents a change of +87.1% year over year.
Geographic Revenue- Pe?asquito: $1.18 billion versus the two-analyst average estimate of $956.56 million. The reported number represents a year-over-year change of +51.9%.
Geographic Revenue- Merian: $409 million versus $267.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +190.1% change.
Geographic Revenue- Cerro Negro: $264 million versus the two-analyst average estimate of $197.36 million. The reported number represents a year-over-year change of +144.4%.
Geographic Revenue- Yanacocha: $677 million versus $472.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +142.7% change.
Geographic Revenue- Lihir: $562 million compared to the $581.67 million average estimate based on two analysts.
Geographic Revenue- Tanami: $434 million versus the two-analyst average estimate of $333.41 million. The reported number represents a year-over-year change of +106.7%.
Geographic Revenue- Red Chris: $145 million versus the two-analyst average estimate of $130.43 million.
Shares of Newmont have returned +10.2% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Newmont (NEM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Newmont Corporation (NEM - Free Report) reported $7.31 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 45.9%. EPS of $2.90 for the same period compares to $1.25 a year ago.
The reported revenue represents a surprise of +14.88% over the Zacks Consensus Estimate of $6.36 billion. With the consensus EPS estimate being $2.07, the EPS surprise was +40.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Newmont performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Newmont here>>>
Shares of Newmont have returned +10.2% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.