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.
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 $5.43, which is worse than the estimate ninety days ago.
Here’s how Randgold Resources has been performing on an annual basis:
|Revenue ($) 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|
Randgold Resources has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.