Novagold Resources's Earnings: A Preview

Novagold Resources AMEX:NG is set to give its latest quarterly earnings report on Tuesday, 2022-04-05. 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 to 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:

Stock Performance

Shares of Novagold Resources were trading at $7.97 as of April 01. Over the last 52-week period, shares are down 13.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

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