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AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
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AngloGold Ashanti (AU - Free Report) closed the most recent trading day at $91.65, moving -1.92% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the gold miner had lost 7.01% over the past month, lagging the Basic Materials sector's loss of 5.62% and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of AngloGold Ashanti in its upcoming release. It is anticipated that the company will report an EPS of $1.84, marking a 39.39% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $3.05 billion, showing a 28.36% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.16 per share and a revenue of $12.27 billion, indicating changes of +51.96% and +26.11%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.33% lower. AngloGold Ashanti presently features a Zacks Rank of #3 (Hold).
Digging into valuation, AngloGold Ashanti currently has a Forward P/E ratio of 11.46. Its industry sports an average Forward P/E of 12, so one might conclude that AngloGold Ashanti is trading at a discount comparatively.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
AngloGold Ashanti (AU - Free Report) closed the most recent trading day at $91.65, moving -1.92% from the previous trading session. This change lagged the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the gold miner had lost 7.01% over the past month, lagging the Basic Materials sector's loss of 5.62% and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of AngloGold Ashanti in its upcoming release. It is anticipated that the company will report an EPS of $1.84, marking a 39.39% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $3.05 billion, showing a 28.36% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.16 per share and a revenue of $12.27 billion, indicating changes of +51.96% and +26.11%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.33% lower. AngloGold Ashanti presently features a Zacks Rank of #3 (Hold).
Digging into valuation, AngloGold Ashanti currently has a Forward P/E ratio of 11.46. Its industry sports an average Forward P/E of 12, so one might conclude that AngloGold Ashanti is trading at a discount comparatively.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 210, this industry ranks in the bottom 15% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.