The 10-second takeaway
For the quarter ended March 31 (Q1), Newmont Mining met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Gross margins grew, operating margins dropped, and net margins dropped.
Newmont Mining logged revenue of $2.68 billion. The six analysts polled by S&P Capital IQ predicted a top line of $2.69 billion on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $2.47 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 $1.15. The 14 earnings estimates compiled by S&P Capital IQ averaged $1.14 per share. GAAP EPS of $0.97 for Q1 were 5.8% lower than the prior-year quarter's $1.03 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 62.1%, 80 basis points better than the prior-year quarter. Operating margin was 39.3%, 160 basis points worse than the prior-year quarter. Net margin was 18.3%, 260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.63 billion. On the bottom line, the average EPS estimate is $1.12.
Next year's average estimate for revenue is $11.21 billion. The average EPS estimate is $4.84.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,137 members out of 1,224 rating the stock outperform, and 87 members rating it underperform. Among 269 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 247 give Newmont Mining 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 Newmont Mining is outperform, with an average price target of $74.38.
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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.