Agnico-Eagle Mines Goes Red

Before you go, we thought you'd like these...
Before you go close icon

Agnico-Eagle Mines (NYS: AEM) reported earnings on Feb. 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Agnico-Eagle Mines missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly, and GAAP earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
Agnico-Eagle Mines reported revenue of $448.3 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $482.0 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $439.0 million.

anImage

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

EPS details
Non-GAAP EPS came in at $0.45. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.44 per share on the same basis. GAAP EPS were -$3.53 for Q4 versus $0.51 per share for the prior-year quarter.

anImage

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 49.2%, 620 basis points worse than the prior-year quarter. Operating margin was -186.1%, 21,680 basis points worse than the prior-year quarter. Net margin was -134.1%, 15,410 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $429.9 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $1.94 billion. The average EPS estimate is $2.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,146 members rating the stock outperform and 80 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give Agnico-Eagle Mines a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agnico-Eagle Mines is outperform, with an average price target of $55.21.

Is Agnico-Eagle Mines the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.

At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners