Kinross Gold Earnings: What Investors Should Watch

Kinross Gold (NYSE:KGC) will report earnings after markets close on Tuesday, May 7th. Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia.

Here is your Cheat Sheet to Kinross Gold Earnings:

Earnings Expectations: Analysts expect earnings of $0.14 per share on revenues of $1.06 billion.

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 $0.25 to a profit $0.12. For the current year, the average estimate is a profit of $0.56, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Kinross Gold has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,617 2,412 3,010 3,842 4,311
Diluted EPS ($) -1.28 0.44 0.92 -1.83 -2.20

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 919.80 1,037 1,007 1,110 1,187
Diluted EPS ($) -2.447 0.09 0.13 0.20 -2.622

Past Performance:
Kinross Gold has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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