Goldcorp Increases Sales but Misses Estimates on Earnings

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Goldcorp (NYS: GG) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Goldcorp missed estimates on revenues and earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.


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

Revenue details
Goldcorp reported revenue of $1.35 billion. The eight analysts polled by S&P Capital IQ anticipated a top line of $1.47 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.22 billion.

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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 $0.50. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share on the same basis. GAAP EPS of $0.51 for Q1 were 37% lower than the prior-year quarter's $0.81 per share.

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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 58.6%, 430 basis points worse than the prior-year quarter. Operating margin was 40.1%, 170 basis points better than the prior-year quarter. Net margin was 35.5%, 1,800 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.53 billion. On the bottom line, the average EPS estimate is $0.59.

Next year's average estimate for revenue is $6.31 billion. The average EPS estimate is $2.50.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,131 members out of 2,278 rating the stock outperform, and 147 members rating it underperform. Among 418 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 382 give Goldcorp a green thumbs-up, and 36 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 $63.47.

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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.

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