Allied Nevada Gold Earnings: Here’s Why Investors are Not Excited Now

Allied Nevada Gold Corp (AMEX:ANV) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 17.64%.

Allied Nevada Gold Corp Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 42.86% to $0.04 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 75.23% to $59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Allied Nevada Gold Corp reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.08. It missed the average revenue estimate of $81.44 million.

Quoting Management: “Steve has a very strong technical background in mining operations and project development with a remarkable track record and a deep understanding of the challenges we are facing as an industry,” commented Randy Buffington, President & CEO of Allied Nevada. “The Board is comprised of experienced individuals with complementary skills and I believe Steve adds a new dimension to the leadership of Allied Nevada. His knowledge and depth of operating expertise will be critical as we develop the future of Hycroft and the Company.”

Key Stats (on next page)…

Revenue increased 19.94% from $49.19 million in the previous quarter. EPS decreased 60% from $0.10 in the previous quarter.

Looking Forward: 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 $0.22 to a profit $0.06. For the current year, the average estimate has moved down from a profit of $1.03 to a profit of $0.48 over the last ninety days.

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