The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Newmont Mining met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew, and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Newmont Mining booked revenue of $2.77 billion. The six analysts polled by S&P Capital IQ predicted sales of $2.74 billion on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $2.55 billion.
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 $1.17. The 15 earnings estimates compiled by S&P Capital IQ anticipated $1.26 per share on the same basis. GAAP EPS were -$2.05 for Q4 against $1.61 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 62.9%, 190 basis points worse than the prior-year quarter. Operating margin was -37.1%, 8,290 basis points worse than the prior-year quarter. Net margin was -37.2%, 6,910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.72 billion. On the bottom line, the average EPS estimate is $1.24.
Next year's average estimate for revenue is $11.48 billion. The average EPS estimate is $5.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,111 members rating the stock outperform and 86 members rating it underperform. Among 338 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 319 give Newmont Mining a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newmont Mining is outperform, with an average price target of $79.24.
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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.