Golden Star Resources Goes Red

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 9, 2013 at 12:00AM
Other

Golden Star Resources (AMEX: GSS) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Golden Star Resources met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share. GAAP earnings per share contracted to a loss.

Gross margins grew, operating margins dropped, net margins shrank.

Revenue details
Golden Star Resources tallied revenue of $132.9 million. The four analysts polled by S&P Capital IQ predicted revenue of $131.6 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 details
EPS came in at -$0.06. The six earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. Non-GAAP EPS were -$0.06 for Q1 compared to $0.00 per share for the prior-year quarter. GAAP EPS were -$0.03 for Q1 against $0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 16.5%, 750 basis points better than the prior-year quarter. Operating margin was -5.4%, 830 basis points worse than the prior-year quarter. Net margin was -4.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $129.3 million. On the bottom line, the average EPS estimate is -$0.01.

Next year's average estimate for revenue is $521.0 million. The average EPS estimate is $0.00.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 803 members out of 869 rating the stock outperform, and 66 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Golden Star Resources 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 Golden Star Resources is hold, with an average price target of $1.77.

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