Agnico Eagle Mines (NYSE: AEM ) is expected to report Q2 earnings on July 24. 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 Agnico Eagle Mines's revenues will wane -19.1% and EPS will drop -80.0%.
The average estimate for revenue is $353.5 million. On the bottom line, the average EPS estimate is $0.08.
Last quarter, Agnico Eagle Mines reported revenue of $423.2 million. GAAP reported sales were 11% lower than the prior-year quarter's $472.9 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 $0.31. GAAP EPS of $0.14 for Q1 were 70% lower than the prior-year quarter's $0.46 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 45.3%, 920 basis points worse than the prior-year quarter. Operating margin was 17.7%, much worse than the prior-year quarter. Net margin was 5.7%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.59 billion. The average EPS estimate is $0.75.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,114 members out of 1,197 rating the stock outperform, and 83 members rating it underperform. Among 157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Agnico Eagle Mines a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agnico Eagle Mines is hold, with an average price target of $54.00.
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