The 10-second takeaway
For the quarter ended March 31 (Q1), Yamana Gold missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Yamana Gold reported revenue of $534.9 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $558.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.16. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.16 for Q1 were 36% lower than the prior-year quarter's $0.25 per share. GAAP EPS of $0.14 for Q1 were 39% lower than the prior-year quarter's $0.23 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 56.9%, 880 basis points worse than the prior-year quarter. Operating margin was 30.3%, much worse than the prior-year quarter. Net margin was 19.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $582.8 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $2.61 billion. The average EPS estimate is $0.89.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,697 members out of 3,838 rating the stock outperform, and 141 members rating it underperform. Among 517 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 479 give Yamana Gold a green thumbs-up, and 38 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yamana Gold is outperform, with an average price target of $21.97.
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