Newmont Mining's Q3 Earnings Preview
Newmont Mining (NYSE: NEM) announces its next round of earnings this Thursday, Oct. 25. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
Newmont Mining earnings will be near 20 cents per share on sales of $1.8 billion, according to analysts.
In the same quarter last year, Newmont Mining reported EPS of 35 cents on revenue of $1.88 billion. The Wall Street consensus estimate for earnings would represent a 42.86 percent decrease for the company. Sales would be down 4.2 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 0.25 | 0.34 | 0.37 | 0.34 |
EPS Actual | 0.26 | 0.35 | 0.4 | 0.35 |
Stock Performance
Over the last 52-week period, shares of Newmont Mining have declined 14.24 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate Newmont Mining stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Newmont Mining's Q3 conference call is scheduled to begin at 10:00 a.m. ET and can be accessed here.
See more from Benzinga
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
