Barrick Gold ABX releases its next round of earnings Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
Wall Street analysts see Barrick Gold reporting earnings of 14 cents per share on sales of $1.88 billion.
In the same quarter last year, Barrick Gold posted a profit of 22 cents on sales of $2.16 billion. If the company were to match the consensus estimate, earnings would be down 36.36 percent. Sales would be down 12.96 percent from the year-ago period. Barrick Gold's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.14 | 0.21 | 0.17 | 0.18 |
| EPS Actual | 0.15 | 0.22 | 0.16 | 0.22 |
Stock Performance
Over the past 52-week period, shares of Barrick Gold have declined 26.74 percent. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate Barrick Gold stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Barrick Gold's Q2 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: https://www.barrick.com/news/default.aspx#investors
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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