The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Goldcorp missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins contracted, net margins grew.
Goldcorp logged revenue of $1.44 billion. The seven analysts polled by S&P Capital IQ looked for revenue of $1.58 billion on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $1.52 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 $0.57. The 19 earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS of $0.47 for Q4 were 38% higher than the prior-year quarter's $0.34 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 53.5%, 560 basis points worse than the prior-year quarter. Operating margin was 37.1%, 920 basis points worse than the prior-year quarter. Net margin was 35.1%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $6.11 billion. The average EPS estimate is $2.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,177 members out of 2,321 rating the stock outperform, and 144 members rating it underperform. Among 378 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 342 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 $52.98.
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