The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Agnico-Eagle Mines missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly, and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Agnico-Eagle Mines reported revenue of $448.3 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $482.0 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $439.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.45. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.44 per share on the same basis. GAAP EPS were -$3.53 for Q4 versus $0.51 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.2%, 620 basis points worse than the prior-year quarter. Operating margin was -186.1%, 21,680 basis points worse than the prior-year quarter. Net margin was -134.1%, 15,410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $429.9 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $1.94 billion. The average EPS estimate is $2.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,146 members rating the stock outperform and 80 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give Agnico-Eagle Mines a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agnico-Eagle Mines is outperform, with an average price target of $55.21.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.