Agnico-Eagle Mines Crushes Earnings Estimates
Agnico-Eagle Mines (NYS: AEM) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Agnico-Eagle Mines beat expectations on revenues and crushed expectations on earnings per share.
Compared with the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Margins grew across the board.
Agnico-Eagle Mines logged revenue of $474.1 million. The six analysts polled by S&P Capital IQ hoped for revenue of $442.9 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $412.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.59. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. GAAP EPS of $0.46 for Q1 were 77% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.6%, 280 basis points better than the prior-year quarter. Operating margin was 29.0%, 670 basis points better than the prior-year quarter. Net margin was 16.6%, 560 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $421.2 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.79 billion. The average EPS estimate is $1.68.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,155 members out of 1,237 rating the stock outperform, and 82 members rating it underperform. Among 236 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 211 give Agnico-Eagle Mines a green thumbs-up, and 25 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 $42.75.
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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. He is the 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 don't 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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