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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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.