The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Goldcorp beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins dropped, net margins expanded.
Goldcorp booked revenue of $1.54 billion. The eight analysts polled by S&P Capital IQ expected sales of $1.39 billion on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $1.31 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 $0.54. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. GAAP EPS of $0.61 for Q3 were 49% higher than the prior-year quarter's $0.41 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 58.0%, 680 basis points worse than the prior-year quarter. Operating margin was 40.8%, 500 basis points worse than the prior-year quarter. Net margin was 32.4%, 670 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.63 billion. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $5.39 billion. The average EPS estimate is $1.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,157 members out of 2,302 rating the stock outperform, and 145 members rating it underperform. Among 467 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 431 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 $51.26.
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