Goldcorp (NYSE: GG ) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Goldcorp's revenues will expand 5.8% and EPS will contract -17.5%.
The average estimate for revenue is $1.38 billion. On the bottom line, the average EPS estimate is $0.47.
Last quarter, Goldcorp booked revenue of $1.11 billion. GAAP reported sales were 16% lower than the prior-year quarter's $1.32 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.41. GAAP EPS of $0.26 for Q2 were 50% lower than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 58.2%, 310 basis points worse than the prior-year quarter. Operating margin was 43.6%, 370 basis points worse than the prior-year quarter. Net margin was 24.1%, 1,290 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.39 billion. The average EPS estimate is $1.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,157 members out of 2,301 rating the stock outperform, and 144 members rating it underperform. Among 453 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 417 give Goldcorp a green thumbs-up, and 36 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goldcorp is outperform, with an average price target of $57.00.
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