Newmont Mining 2Q Earnings Pregame Scorecard

FOXBusiness

Having exceeded expectations last quarter by one cent per share, Newmont Mining (NYSE:NEM) is scheduled to report again on Friday.

Expectations

Continue Reading Below

Analysts currently expect Newmont Mining to come in with earnings of 95 cents per share on revenues of $2.52 billion. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.05.

Stock Movement

The stock fell $4.27 per share between July 3, 2012 and July 12, 2012.

Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 10.7% in the second quarter of the last fiscal year, 5.7% in the third quarter of the last fiscal year and 8.5% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Ratings

Analysts think investors should stand pat on Newmont Mining with eight of 16 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 4.7% to $490 million (97 cents a share) from $514 million ($1.03 a share) the year earlier, but exceeded analyst expectations. Revenue rose 8.8% to $2.68 billion from $2.46 billion.

Summary 

Reporting Period: 2Q

Date of Release: Friday, July 27, 2012 before market open

EPS: 95 cents

Revenue Estimate: $2.52 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)