Earnings Preview: Newmont Mining's EPS, Revenue Expected to Rise

Newmont Mining (NYSE: NEM) announces its next round of earnings this Friday, October 28, 2011. Here is Benzinga's everything-that-matters guide for this Friday's third quarter earnings announcement.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.24/share and revenues of $2.75 billion. Newmont Mining's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.06/share on revenues of $2.6 billion. We'll have to wait for Friday to see if Newmont Mining has accomplished the estimated 17% rise in EPS and 5.8% increase in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

At last check, shares of Newmont Mining were trading at $63.82. Since January 1st, shares of Newmont Mining have given investors a return of 5.1%. For a full 12 months, the return has risen by 10.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Newmont Mining is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other materials companies are doing? Here are a few of Newmont Mining's peers in that sector.

• Freeport-McMoRan Copper & Gold (NYSE: FCX): Moderate Buy with a $1.10 recent quarter EPS
• Barrick Gold (ABX): Moderate Buy with a $1.12 recent quarter EPS
• AngloGold Ashanti (AU): Hold with a $1.22 recent quarter EPS
• Goldcorp (GG): Moderate Buy with a $0.45 recent quarter EPS

Newmont Mining is in the mining/gold industry, which has experienced price/earnings growth of 1.2%.

Finally, a description of the company's main areas of operation: Newmont Mining explores and acquires gold properties and produces copper.

Take Action:

Now that you've gotten an advanced peak at Newmont Mining's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.

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