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.
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