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Barrick Gold Corporation (USA) (ABX): You Need to See These Numbers

Barrick Gold Corporation (USA) (NYSE:ABX) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Barrick Gold met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share shrank significantly. GAAP earnings per share contracted significantly.

Margins contracted across the board.

Revenue details
Barrick Gold Corporation (USA) (NYSE:ABX) tallied revenue of $3.44 billion. The six analysts polled by S&P Capital IQ anticipated a top line of $3.48 billion on the same basis. GAAP reported sales were 5.7% lower than the prior-year quarter’s $3.64 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.92. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.88 per share. Non-GAAP EPS of $0.92 for Q1 were 16% lower than the prior-year quarter’s $1.09 per share. GAAP EPS of $0.85 for Q1 were 17% lower than the prior-year quarter’s $1.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 46.3%, 550 basis points worse than the prior-year quarter. Operating margin was 40.5%, 340 basis points worse than the prior-year quarter. Net margin was 24.6%, 360 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter’s average estimate for revenue is $3.56 billion. On the bottom line, the average EPS estimate is $0.86.

Next year’s average estimate for revenue is $14.30 billion. The average EPS estimate is $3.56.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,049 members out of 2,174 rating the stock outperform, and 125 members rating it underperform. Among 287 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 250 give Barrick Gold Corporation (USA) (NYSE:ABX) a green thumbs-up, and 37 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barrick Gold is outperform, with an average price target of $45.01.

The article Barrick Gold Beats on EPS But GAAP Results Lag originally appeared on Fool.com and is written by Seth Jayson.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned.

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