The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kinross Gold beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share expanded.
Margins increased across the board.
Kinross Gold reported revenue of $1.19 billion. The eight analysts polled by S&P Capital IQ hoped for revenue of $1.17 billion on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $949.3 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 $0.24. The 19 earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS were -$2.62 for Q4 against -$2.45 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 59.8%, 50 basis points better than the prior-year quarter. Operating margin was 32.8%, 290 basis points better than the prior-year quarter. Net margin was -251.8%, 4,140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.18 billion. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $4.80 billion. The average EPS estimate is $1.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,365 members out of 1,425 rating the stock outperform, and 60 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Kinross Gold a green thumbs-up, and 17 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 $13.10.
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