The 10-second takeaway
For the quarter ended June 30 (Q2), Yamana Gold whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share expanded. GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Yamana Gold booked revenue of $430.5 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $486.2 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $535.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.07. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. Non-GAAP EPS of $0.07 for Q2 were 17% higher than the prior-year quarter's $0.06 per share. GAAP EPS were -$0.01 for Q2 against $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 49.5%, much worse than the prior-year quarter. Operating margin was 12.1%, much worse than the prior-year quarter. Net margin was -1.8%, 980 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $553.7 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $2.19 billion. The average EPS estimate is $0.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,693 members out of 3,835 rating the stock outperform, and 142 members rating it underperform. Among 462 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 424 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 $16.02.
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