The 10-second takeaway
For the quarter ended March 31 (Q1), Goldcorp missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Gross margins dropped, operating margins grew, and net margins dropped.
Goldcorp reported revenue of $1.35 billion. The eight analysts polled by S&P Capital IQ anticipated a top line of $1.47 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.22 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 $0.50. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share on the same basis. GAAP EPS of $0.51 for Q1 were 37% lower than the prior-year quarter's $0.81 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 58.6%, 430 basis points worse than the prior-year quarter. Operating margin was 40.1%, 170 basis points better than the prior-year quarter. Net margin was 35.5%, 1,800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.53 billion. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $6.31 billion. The average EPS estimate is $2.50.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,131 members out of 2,278 rating the stock outperform, and 147 members rating it underperform. Among 418 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 382 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 $63.47.
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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.