Kinross Gold (NYSE: KGC ) is expected to report Q3 earnings on Nov. 7. 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 Kinross Gold's revenues will expand 2.8% and EPS will shrink -20.8%.
The average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.19.
Last quarter, Kinross Gold tallied revenue of $1.01 billion. GAAP reported sales were 4.5% higher than the prior-year quarter's $963.6 million.
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 $0.14. GAAP EPS of $0.13 for Q2 were 38% lower than the prior-year quarter's $0.21 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 53.8%, 580 basis points worse than the prior-year quarter. Operating margin was 25.3%, 1,070 basis points worse than the prior-year quarter. Net margin was 15.3%, 1,040 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.29 billion. The average EPS estimate is $0.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,375 members out of 1,436 rating the stock outperform, and 61 members rating it underperform. Among 223 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 207 give Kinross Gold a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinross Gold is outperform, with an average price target of $12.93.
Looking for alternatives to Kinross Gold? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Kinross Gold to My Watchlist.