Osisko Development Corp <ODV.V>: Losses of 86  cents announced for fourth quarter

March 24, 2023 07:54 PM EDT | By Reuters
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24 March 2023 11:54 p.m. ​All figures in Canadian dollars. The loss announced by Osisko Development Corp in the fourth quarter were lower than the Refinitiv mean estimate of losses. The company reported losses of -86 cents per share, 68 cents lower than the same quarter last year when the company reported EPS of -18 cents. Losses of -3 cents per share were anticipated by the two analysts providing estimates for the quarter. Wall Street expected results to range from -4 cents to -2 cents per share, with a forecasted mean of -3 cents per share. The company reported revenue of C$19.23 million, which is higher than the estimated C$19 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the gold peer group is also "Buy". FORECAST CHANGES * Two analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported an increase in revenue to C$19.23 million from C$2.98 million in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 0.01​ 0.17 Beat Jun. 30 2022 0.16 -0.61 Missed Mar. 31 2022 0.10 -0.37 Missed​ Dec. 31 2021 0.02 -0.57 Missed This summary was machine generated from Refinitiv data March 24 at 11:54 p.m.


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