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Stay Ahead of the Game With Agnico (AEM) Q3 Earnings: Wall Street's Insights on Key Metrics
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In its upcoming report, Agnico Eagle Mines (AEM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.44 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $3.55 billion, representing a year-over-year increase of 16.1%.
Over the last 30 days, there has been a downward revision of 8.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Agnico metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue from mine operations- Quebec- LaRonde' of $354.33 million. The estimate suggests a change of +60% year over year.
Analysts forecast 'Revenue from mine operations- Quebec- Canadian Malartic' to reach $512.17 million. The estimate indicates a year-over-year change of -5.8%.
Analysts predict that the 'Revenue from mine operations- Quebec- Goldex' will reach $129.52 million. The estimate indicates a year-over-year change of +19.8%.
The consensus estimate for 'Revenue from mine operations- Nunavut- Meliadine' stands at $415.13 million. The estimate suggests a change of +55.3% year over year.
It is projected by analysts that the 'Payable production - Gold (ounces) - Total Gold' will reach $855021.6 ounces. Compared to the current estimate, the company reported $866936.0 ounces in the same quarter of the previous year.
According to the collective judgment of analysts, 'Payable production - Gold (ounces) - Quebec - LaRonde' should come in at $108855.0 ounces. Compared to the current estimate, the company reported $59172.0 ounces in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Payable production - Gold (ounces) - Quebec - Canadian Malartic' should arrive at $123973.9 ounces. Compared to the present estimate, the company reported $156875.0 ounces in the same quarter last year.
The combined assessment of analysts suggests that 'Payable production - Gold (ounces) - Quebec - Goldex' will likely reach $29140.7 ounces. Compared to the current estimate, the company reported $29375.0 ounces in the same quarter of the previous year.
The average prediction of analysts places 'Payable production - Gold (ounces) - Nunavut - Meliadine' at $98676.7 ounces. Compared to the current estimate, the company reported $93836.0 ounces in the same quarter of the previous year.
Analysts expect 'Payable production - Gold (ounces) - Nunavut - Meadowbank' to come in at $130094.8 ounces. The estimate compares to the year-ago value of $136152.0 ounces.
Analysts' assessment points toward 'Payable production - Gold (ounces) - Finland - Kittila' reaching $59698.0 ounces. The estimate is in contrast to the year-ago figure of $57954.0 ounces.
The consensus among analysts is that 'Payable production - Gold (ounces) - Ontario - Detour Lake' will reach $181852.9 ounces. The estimate compares to the year-ago value of $176539.0 ounces.
Shares of Agnico have demonstrated returns of -9.1% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #4 (Sell), AEM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With Agnico (AEM) Q3 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Agnico Eagle Mines (AEM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.44 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $3.55 billion, representing a year-over-year increase of 16.1%.
Over the last 30 days, there has been a downward revision of 8.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Agnico metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue from mine operations- Quebec- LaRonde' of $354.33 million. The estimate suggests a change of +60% year over year.
Analysts forecast 'Revenue from mine operations- Quebec- Canadian Malartic' to reach $512.17 million. The estimate indicates a year-over-year change of -5.8%.
Analysts predict that the 'Revenue from mine operations- Quebec- Goldex' will reach $129.52 million. The estimate indicates a year-over-year change of +19.8%.
The consensus estimate for 'Revenue from mine operations- Nunavut- Meliadine' stands at $415.13 million. The estimate suggests a change of +55.3% year over year.
It is projected by analysts that the 'Payable production - Gold (ounces) - Total Gold' will reach $855021.6 ounces. Compared to the current estimate, the company reported $866936.0 ounces in the same quarter of the previous year.
According to the collective judgment of analysts, 'Payable production - Gold (ounces) - Quebec - LaRonde' should come in at $108855.0 ounces. Compared to the current estimate, the company reported $59172.0 ounces in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Payable production - Gold (ounces) - Quebec - Canadian Malartic' should arrive at $123973.9 ounces. Compared to the present estimate, the company reported $156875.0 ounces in the same quarter last year.
The combined assessment of analysts suggests that 'Payable production - Gold (ounces) - Quebec - Goldex' will likely reach $29140.7 ounces. Compared to the current estimate, the company reported $29375.0 ounces in the same quarter of the previous year.
The average prediction of analysts places 'Payable production - Gold (ounces) - Nunavut - Meliadine' at $98676.7 ounces. Compared to the current estimate, the company reported $93836.0 ounces in the same quarter of the previous year.
Analysts expect 'Payable production - Gold (ounces) - Nunavut - Meadowbank' to come in at $130094.8 ounces. The estimate compares to the year-ago value of $136152.0 ounces.
Analysts' assessment points toward 'Payable production - Gold (ounces) - Finland - Kittila' reaching $59698.0 ounces. The estimate is in contrast to the year-ago figure of $57954.0 ounces.
The consensus among analysts is that 'Payable production - Gold (ounces) - Ontario - Detour Lake' will reach $181852.9 ounces. The estimate compares to the year-ago value of $176539.0 ounces.
View all Key Company Metrics for Agnico here>>>Shares of Agnico have demonstrated returns of -9.1% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #4 (Sell), AEM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .