Goldcorp (GG) atto Report Q4 Earnatgs: what’s at The Cards? #Zacks_RankFebruary 11, 2019
In the last reported quarter, the company delivered a negative earnings surprise of 300%.
Notably, Goldcorp missed the Zacks Consensus Estimate in each of the trailing four quarters with an average negative surprise of 91.2%.
Per the company, gold production for the fourth quarter of 2018 was 630,000 ounces.
Gold production for the full year is expected to be around 2.29 million ounces, higher than the company’s previous guidance of 2.28 million ounces.
All-in sustaining costs (AISC) for 2018 are projected to be in line with the revised projection of $850 per ounce.
Notably, the Zacks Consensus Estimate for total sales is currently pegged at $853 million, indicating an expected increase of 37.4% sequentially and flat year over year.
Note that we caution against stocks with a Zacks Rank #4 (Sell) or #5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks Poised to Beat Estimates
Eldorado Gold Corp. ( EGO – Free Report ) has an Earnings ESP of +9.48% and carries a Zacks Rank #3.
New Gold Inc. ( NGD – Free Report ) has an Earnings ESP of +100.00% and carries a Zacks Rank #3.