Allied Nevada Gold Earnings: Here’s Why the Stock is Down Now

Allied Nevada Gold Corp (AMEX:ANV) delivered a profit and beat Wall Street’s expectations, BUT 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 9.97%.

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Allied Nevada Gold Corp Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 23.08% to $0.1 in the quarter versus EPS of $0.13 in the year-earlier quarter.

Revenue: Rose 25.41% to $49.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Allied Nevada Gold Corp reported adjusted EPS income of $0.1 per share. By that measure, the company beat the mean analyst estimate of $0.05. It missed the average revenue estimate of $82.08 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 35.97% from $76.84 million in the previous quarter. EPS decreased 44.44% from $0.18 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 $0.27 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $1.57 to a profit of $1.07 over the last ninety days.

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