Newmont Mining Earnings Preview: Get Ahead of the Analysts

Newmont Mining (NYSE:NEM) will report earnings after markets close on Monday, April 29th. Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.

Here is your Cheat Sheet to Newmont Mining Earnings:

Earnings Expectations: Analysts expect earnings of $0.84 per share on revenues of $2.39 billion. Currently, the company’s P/E ratio stands at 9.21.

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 $1.01 to a profit $0.83. For the current year, the average estimate is a profit of $3.72, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,124 7,705 9,540 10,360 9,868
Diluted EPS ($) 1.83 2.66 4.55 0.73 3.63

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

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 2,765 2,683 2,229 2,480 2,476
Diluted EPS ($) -2.05 0.97 0.56 0.74 1.36

Past Performance:
Newmont Mining 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]