Despite the pullback in gold GSS posted positive EPS that blew away every analyst.
Margins explode, Revenues surge
Gold back on the rise...
GSS - CONFIRMED STAGE 2 BREAKOUT - just cleared 150 MA which is now in bull mode!
Golden Star Resources (AMEX: GSS ) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway For the quarter ended Dec. 31 (Q4), Golden Star Resources met expectations on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew.
Margins grew across the board.
Revenue details Golden Star Resources notched revenue of $118.8 million. The four analysts polled by S&P Capital IQ predicted a top line of $118.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $105.5 million.
EPS details EPS came in at $0.03. The six earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were $0.03 for Q4 versus -$0.07 per share for the prior-year quarter.
Margin details For the quarter, gross margin was 10.8%, 1,530 basis points better than the prior-year quarter. Operating margin was 4.3%, 1,300 basis points better than the prior-year quarter. Net margin was 6.1%, 2,310 basis points better than the prior-year quarter.
Looking ahead Next quarter's average estimate for revenue is $142.2 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $626.3 million. The average EPS estimate is $0.26.
On February 22, 2012, Golden Star Resources Ltd. issued a press release announcing its financial results for the quarter and year ended December 31, 2011. A copy of the press release is attached hereto as Exhibit 99 and is incorporated by reference herein.
The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.