The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Agnico-Eagle Mines crushed expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins grew across the board.
Agnico-Eagle Mines logged revenue of $537.8 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $446.8 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $520.5 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 $0.77. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. GAAP EPS were $0.62 for Q3 compared to -$0.48 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 59.1%, 470 basis points better than the prior-year quarter. Operating margin was 34.2%, 5,600 basis points better than the prior-year quarter. Net margin was 19.7%, 3,540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $479.7 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,130 members out of 1,214 rating the stock outperform, and 84 members rating it underperform. Among 240 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 211 give Agnico-Eagle Mines a green thumbs-up, and 29 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 $49.79.
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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. The Motley Fool has no positions in the stocks mentioned above. 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.