Goldcorp Earnings Preview: Get Ahead of the Analysts

Goldcorp (NYSE:GG) will report earnings before markets open on Thursday, July 25th. Goldcorp, Inc. is a North American gold producer. The Company has gold mining operations in the United States, Canada, Mexico, Brazil, Argentina, and Australia. Goldcorp owns the Red Lake mine in Ontario.

Here is your Cheat Sheet to Goldcorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.24 per share on revenues of $1.17 billion. Currently, the company’s P/E ratio stands at 14.89.

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 $0.51 to a profit $0.25. For the current year, the average estimate is a profit of $1.14, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,420 2,724 3,800 5,362 5,435
Diluted EPS ($) 2.06 0.33 2.12 2.18 1.95

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 1,113.00 1,538.00 1,435.00 1,015.00
Diluted EPS ($) 0.26 0.61 0.47 0.33

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

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