It's been a sad week for Newmont Corporation (NYSE:NEM), who've watched their investment drop 16% to US$48.42 in the week since the company reported its third-quarter result. It was not a great result overall. While revenues of US$4.6b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 17% to hit US$0.80 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Newmont

Taking into account the latest results, the most recent consensus for Newmont from 18 analysts is for revenues of US$19.5b in 2025. If met, it would imply a notable 15% increase on its revenue over the past 12 months. Newmont is also expected to turn profitable, with statutory earnings of US$4.01 per share. In the lead-up to this report, the analysts had been modelling revenues of US$20.1b and earnings per share (EPS) of US$3.66 in 2025. So it's pretty clear that while sentiment around revenues has declined following the latest results, the analysts are now more bullish on the company's earnings power.

There's been no real change to the average price target of US$59.06, with the lower revenue and higher earnings forecasts not expected to meaningfully impact the company's valuation over a longer timeframe. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Newmont analyst has a price target of US$72.74 per share, while the most pessimistic values it at US$45.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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. It's clear from the latest estimates that Newmont's rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 6.7% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Newmont to grow faster than the wider industry.