The investors in OceanaGold Corporation's (TSE:OGC) will be rubbing their hands together with glee today, after the share price leapt 32% to CA$6.12 in the week following its first-quarter results. Results look mixed - while revenue fell marginally short of analyst estimates at US$360m, statutory earnings were in line with expectations, at US$0.26 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.TSX:OGC Earnings and Revenue Growth May 10th 2025

Taking into account the latest results, the current consensus from OceanaGold's six analysts is for revenues of US$1.58b in 2025. This would reflect a solid 14% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 34% to US$0.56. Before this earnings report, the analysts had been forecasting revenues of US$1.58b and earnings per share (EPS) of US$0.55 in 2025. So the consensus seems to have become somewhat more optimistic on OceanaGold's earnings potential following these results.

View our latest analysis for OceanaGold

The consensus price target was unchanged at CA$6.60, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic OceanaGold analyst has a price target of CA$7.52 per share, while the most pessimistic values it at CA$5.56. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 19% growth on an annualised basis. That is in line with its 19% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 13% annually. So it's pretty clear that OceanaGold is forecast to grow substantially faster than its industry.

Story Continues

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around OceanaGold's earnings potential next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on OceanaGold. Long-term earnings power is much more important than next year's profits. We have forecasts for OceanaGold going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - OceanaGold has  1 warning sign  we think you should be aware of.

Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

View Comments