Newmont Mining Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Newmont Mining Corp (NYSE:NEM) will unveil its latest earnings on Friday, February 24, 2012. Newmont Mining explores and acquires gold properties and produces copper.

Newmont Mining Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.23 per share, a rise of 7.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.35. Between one and three months ago, the average estimate moved down. It also has dropped from $1.26 during the last month. Analysts are projecting profit to rise by 20.1% versus last year to $4.54.

Last quarter, the company came in at profit of $1.26 per share against a mean estimate of net income of $1.24 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 10 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.5% in revenue from the year-earlier quarter to $2.74 billion.

Analyst Ratings: Analysts seem relatively indifferent about Newmont Mining with eight of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 8.2% to $493 million (98 cents a share) from $537 million ($1.07 a share) the year earlier, but exceeded analyst expectations. Revenue rose 5.7% to $2.74 billion from $2.6 billion.

Key Stats:

Revenue has increased in each of the past four quarters. Revenue rose 10.7% in the second quarter from the year earlier, climbed 9.9% in the first quarter from the year-ago quarter and 1.2% in the fourth quarter of the last fiscal year.

The decrease in profit in the third quarter came after net income rose in the previous quarter. In the second quarter, net income rose 1.3%.

Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price fell $5.50 (-8.5%), from $64.95 to $59.45. The stock price saw one of its best stretches over the last year between May 13, 2011 and May 31, 2011, when shares rose for 12 straight days, increasing 7.2% (+$3.73) over that span. It saw one of its worst periods between February 2, 2012 and February 14, 2012 when shares fell for nine straight days, dropping 5.7% (-$3.52) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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