The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Barrick Gold beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted to a loss.
Gross margins contracted, operating margins grew, net margins shrank.
Barrick Gold notched revenue of $4.19 billion. The eight analysts polled by S&P Capital IQ foresaw sales of $3.94 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $3.79 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 $1.11. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.06 per share. GAAP EPS were -$2.99 for Q4 versus $0.96 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 46.4%, 790 basis points worse than the prior-year quarter. Operating margin was 46.6%, 680 basis points better than the prior-year quarter. Net margin was -73.1%, 9,840 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.93 billion. On the bottom line, the average EPS estimate is $1.13.
Next year's average estimate for revenue is $16.07 billion. The average EPS estimate is $4.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,058 members out of 2,175 rating the stock outperform, and 117 members rating it underperform. Among 368 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 333 give Barrick Gold a green thumbs-up, and 35 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barrick Gold is outperform, with an average price target of $49.59.
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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 position in any of the stocks mentioned. 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.
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