Agnico-eagle Mines Earnings Preview: Get Ahead of the Analysts
Agnico-eagle Mines (NYSE:AEM) will report earnings after markets close on Wednesday, July 24th. Agnico-Eagle Mines Limited is a gold producer with operations primarily in Quebec, Canada. The Company also conducts exploration and development activities in Ontario, Canada, and Nevada in the United States. Agnico-Eagle’s gold production is primarily from underground mining operations.
Here is your Cheat Sheet to Agnico-eagle Mines Earnings:
Earnings Expectations: Analysts expect earnings of $0.10 per share on revenues of $362.63 million. Currently, the company’s P/E ratio stands at 18.80.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.51 to a profit $0.17. For the current year, the average estimate is a profit of $0.88, which is worse than the estimate ninety days ago.
Here’s how Agnico-eagle Mines has been performing on an annual basis:
|Revenue ($) in millions||381||640||1,423||1,822||1,918|
|Diluted EPS ($)||0.50||0.55||2.00||-3.36||1.81|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||436.90||537.78||466.78||423.19|
|Diluted EPS ($)||0.25||0.62||0.48||0.14|
Agnico-eagle Mines has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)