The 10-second takeaway
For the quarter ended June 30 (Q2), Yamana Gold missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Yamana Gold booked revenue of $535.7 million. The four analysts polled by S&P Capital IQ wanted to see sales of $562.7 million on the same basis. GAAP reported sales were 6.6% lower than the prior-year quarter's $573.3 million.
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 $0.06. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.22 per share. GAAP EPS of $0.06 for Q2 were 77% lower than the prior-year quarter's $0.26 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 62.5%, 400 basis points worse than the prior-year quarter. Operating margin was 26.5%, 1,470 basis points worse than the prior-year quarter. Net margin was 8.0%, 2,600 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $657.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is $1.11.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,705 members out of 3,842 rating the stock outperform, and 137 members rating it underperform. Among 670 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 636 give Yamana Gold a green thumbs-up, and 34 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yamana Gold is outperform, with an average price target of $20.53.
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