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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Agnico-eagle Mines has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)