Are You Expecting This from Barrick Gold?
By Seth Jayson | More Articles
Barrick Gold (NYSE: ABX ) is expected to report Q4 earnings on Feb. 14. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Barrick Gold's revenues will increase 4.3% and EPS will compress -8.5%.
The average estimate for revenue is $3.95 billion. On the bottom line, the average EPS estimate is $1.07.
Last quarter, Barrick Gold recorded revenue of $3.44 billion. GAAP reported sales were 13% lower than the prior-year quarter's $3.97 billion.
Sentiment: Strong Sell
Who thinks we are going to see 15% revenue growth and 25% eps growth in 2013....oh those well-heeled analysts...i can't wait to hear their questions tomorrow...
EPS: 94 cents
And that's normally translates to $40 stock at least. But those m #$%$ Hedge Funds junkies keep shorting this Sector until there is nothing to short..