The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Kinross Gold met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew.
Gross margins shrank, operating margins shrank, net margins grew.
Kinross Gold logged revenue of $1.11 billion. The eight analysts polled by S&P Capital IQ foresaw a top line of $1.10 billion on the same basis. GAAP reported sales were 3.8% higher than the prior-year quarter's $1.07 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 $0.22. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.19 per share. GAAP EPS of $0.20 for Q3 were 5.3% higher than the prior-year quarter's $0.19 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 58.9%, 160 basis points worse than the prior-year quarter. Operating margin was 30.9%, 790 basis points worse than the prior-year quarter. Net margin was 20.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $4.29 billion. The average EPS estimate is $0.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,374 members out of 1,434 rating the stock outperform, and 60 members rating it underperform. Among 237 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 give Kinross Gold a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kinross Gold is outperform, with an average price target of $11.88.
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