Newmont Mining Corporation NEM unveils its next round of earnings this Friday, July 29, 2011. Here's Benzinga's advanced look at Newmont Mining's second quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 98 cents per share and revenues of $2.49 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of 76 cents per share on revenues of $2.15 billion. Can Newmont Mining manage the estimated 28.9% rise in EPS and 15.8% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Friday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $0.96 | $1.11 | $0.95 | $0.87 |
EPS Actual | $1.03 | $1.14 | $1.06 | $0.76 |
Stock Performance:
Shares of Newmont Mining were trading at $58.41 as of July 25, 2011. Shares are down 4.3% year to date.
Average Stock Rating:
The average rating by analysts for Newmont Mining is a Hold. The strength of this rating has declined slightly over the past three months.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Newmont Mining's peers.
- Barrick Gold (ABX): Moderate Buy with a $1.01 recent quarter EPS
- AngloGold Ashanti (AU): Hold with a $0.53 recent quarter EPS
- Freeport-McMoran Copper & Gold (FCX): Moderate Buy with a $1.49 recent quarter EPS
- Goldcorp (GG): Moderate Buy with a $0.50 recent quarter EPS
Newmont Mining is in the mining/gold industry, which has experienced price/earnings growth of 1.8%.
Finally, a description of the company's main areas of operation: Newmont Mining explores and acquires gold properties and produces copper.
Take Action:
That's your advanced look at Newmont Mining's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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