Barrick Gold's Upcoming Earnings: What You Need to Know
Barrick Gold (NYS: ABX) is expected to report Q2 earnings on July 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Barrick Gold's revenues will increase 4.5% and EPS will wither 12.5%.
The average estimate for revenue is $3.58 billion. On the bottom line, the average EPS estimate is $0.98.
Last quarter, Barrick Gold booked revenue of $3.64 billion. GAAP reported sales were 18% higher than the prior-year quarter's $3.09 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.09. GAAP EPS of $1.03 for Q1 were 3.0% higher than the prior-year quarter's $1.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 51.8%, 430 basis points worse than the prior-year quarter. Operating margin was 43.9%, 520 basis points worse than the prior-year quarter. Net margin was 28.2%, 420 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.33 billion. The average EPS estimate is $4.60.
The stock has a three-star rating (out of five) at Motley Fool CAPS. Among 367 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 336 give Barrick Gold a green thumbs-up, and 31 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barrick Gold is outperform, with an average price target of $64.26.
Worried about inflation? Interested in gold? Find out the best way to profit in both scenarios a little-known company we profile in our free report: "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Barrick Gold to My Watchlist.
The article Barrick Gold's Upcoming Earnings: What You Need to Know originally appeared on Fool.com.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.