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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