Barrick Gold (NYSE: ABX ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Barrick Gold missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Barrick Gold chalked up revenue of $3.28 billion. The eight analysts polled by S&P Capital IQ hoped for net sales of $3.50 billion on the same basis. GAAP reported sales were 4.3% lower than the prior-year quarter's $3.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.78. The 21 earnings estimates compiled by S&P Capital IQ forecast $0.95 per share. GAAP EPS of $0.75 for Q2 were 35% lower than the prior-year quarter's $1.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.2%, 1,210 basis points worse than the prior-year quarter. Operating margin was 35.4%, 1,720 basis points worse than the prior-year quarter. Net margin was 22.9%, 1,090 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.96 billion. On the bottom line, the average EPS estimate is $1.13.
Next year's average estimate for revenue is $15.25 billion. The average EPS estimate is $4.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,997 members out of 2,118 rating the stock outperform, and 121 members rating it underperform. Among 360 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 326 give Barrick Gold a green thumbs-up, and 34 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barrick Gold is outperform, with an average price target of $58.53.
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