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Will These Numbers from Goldcorp Be Good Enough for You?

By Seth Jayson – Updated Apr 10, 2017 at 12:46PM

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Checking expectations

Goldcorp (NYSE: GG) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Goldcorp's revenues will grow 3.3% and EPS will drop -43.9%.

The average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is $0.23.

Revenue details
Last quarter, Goldcorp reported revenue of $1.02 billion. GAAP reported sales were 16% lower than the prior-year quarter's $1.21 billion.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.31. GAAP EPS of $0.33 for Q1 were 35% lower than the prior-year quarter's $0.51 per share.

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

Recent performance
For the preceding quarter, gross margin was 50.4%, 920 basis points worse than the prior-year quarter. Operating margin was 31.3%, much worse than the prior-year quarter. Net margin was 30.4%, 920 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.42 billion. The average EPS estimate is $1.12.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,210 members out of 2,356 rating the stock outperform, and 146 members rating it underperform. Among 284 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 give Goldcorp a green thumbs-up, and 41 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goldcorp is outperform, with an average price target of $45.44.

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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.

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Goldcorp Inc. Stock Quote
Goldcorp Inc.
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