Randgold Resources Earnings Preview: Get Ahead of the Analysts

Randgold Resources (NASDAQ:GOLD) will report earnings before markets open on Thursday, May 2nd. Randgold Resources Limited is a gold mining and exploration company. The Company conducts gold mining operations in regions throughout the gold regions of Africa.

Here is your Cheat Sheet to Randgold Resources Earnings:

Earnings Expectations: Analysts expect earnings of $0.84 per share on revenues of $435.80 million. Currently, the company’s P/E ratio stands at 17.48.

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 $1.31 to a profit $0.92. For the current year, the average estimate is a profit of $5.43, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 338.57 441.76 507.19 1,131 1,329
Diluted EPS ($) 0.54 0.84 1.13 4.16 4.65

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 ($) in millions 310.35 272.39 347.61 324.08 384.50
Diluted EPS ($) 1.334 0.96 1.26 1.11 1.321

Past Performance:
Randgold Resources has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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