Market Overview

Kinross Gold's Earnings: A Preview

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Kinross Gold (NYSE: KGC) unveils its next round of earnings this Wednesday, July 29. Get prepared with Benzinga's ultimate preview for Kinross Gold's Q2 earnings.

Earnings and Revenue

Kinross Gold EPS will likely be near $0.12 while revenue will be around $1.00 billion, according to analysts. In the same quarter last year, Kinross Gold reported earnings per share of $0.060 on sales of $837.80 million. If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 100.0%. Revenue would be up 12.08% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.08 0.10 0.08 0.03
EPS Actual 0.10 0.13 0.08 0.06
Revenue Estimate 892.19 M 988.82 M 878.78 M 816.71 M
Revenue Actual 879.80 M 996.20 M 877.10 M 837.80 M

Stock Performance

Shares of Kinross Gold were trading at $8.705 as of July 28. Over the last 52-week period, shares are up 118.53%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Kinross Gold is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.kinross.com%2Fnews-and-investors%2Fevents%2Fevent-details%2F2020%2FSecond-Quarter-2020-Results-Conference-Call--Webcast%2Fdefault.aspx&eventid=2395943&sessionid=1&key=981C815D6C182E7FA6DDBCC37139F83F&regTag=&sourcepage=register

 

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