Newmont Mining Corporation Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter

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:

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.

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