Agnico Eagle Mines
The 10-second takeaway
For the quarter ended June 30 (Q2), Agnico Eagle Mines missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share shrank to a loss. GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Revenue details
Agnico Eagle Mines chalked up revenue of $336.4 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $343.4 million on the same basis. GAAP reported sales were 27% lower than the prior-year quarter's $459.6 million.
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 -$0.03. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.08 per share. Non-GAAP EPS were -$0.03 for Q2 compared to $0.40 per share for the prior-year quarter. GAAP EPS were -$0.14 for Q2 compared to $0.25 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 32.8%, much worse than the prior-year quarter. Operating margin was 0.6%, much worse than the prior-year quarter. Net margin was -7.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $375.6 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $1.56 billion. The average EPS estimate is $0.49.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,115 members out of 1,197 rating the stock outperform, and 82 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give Agnico Eagle Mines a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agnico Eagle Mines is hold, with an average price target of $38.33.
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