20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
On Wednesday, Oct. 24, Goldcorp (NYSE:GG) will release its latest earnings report. Benzinga's outlook for Goldcorp is included in the following report.
Earnings and Revenue
Sell-side analysts expect Goldcorp's EPS to be near 4 cents on sales of $781.14 million.
In the same quarter last year, Goldcorp posted EPS of 13 cents on sales of $866 million. The analyst consensus estimate would represent a 69.23 percent decrease in the company's earnings. Sales would be down 9.80 percent from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.08 | 0.11 | 0.1 | 0.1 |
| EPS Actual | 0.05 | 0.08 | 0.1 | 0.13 |
Stock Performance
Over the last 52-week period, shares are down 18.49 percent. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. The most common rating from analysts on Goldcorp stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!