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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