We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alamos (AGI) to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Alamos Gold Inc. (AGI - Free Report) is set to release third-quarter 2019 results on Oct 30, after the closing bell.
The company delivered a positive earnings surprise in the last reported quarter. Its adjusted earnings per share of 5 cents beat the Zacks Consensus Estimate of 4 cents.
The stock has gained 23.1% in the past year compared with the industry’s 62.3% surge.
Some Factors at Play in Q3
In July, the company stated that it expects gold production in the third quarter to be flat on a quarter-over-quarter basis. Notably, it reported production of 125,200 ounces of gold in the second quarter.
The company’s third-quarter performance is likely to have benefited from higher production at the Island Gold mine. The mine has been generating record quantities of gold over the trailing three reported quarters. It produced 75,100 ounces of gold through the first half of this year, driven by the benefit of the Phase 1 expansion. The trend is expected to have continued in the third quarter.
Also, higher gold prices are likely to have contributed to Alamos’ third-quarter margins. After a turbulent 2018, gold has had a stellar run in 2019. Uncertainties related to the U.S.-China standoff and geopolitical tensions have triggered demand for gold so far this year. Higher prices are expected to have made a positive impact on the company’s earnings.
What the Zacks Model Says
Our proven model doesn’t conclusively predict an earnings beat for Alamos this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Alamos is 0.00%. The Most Accurate Estimate and the Zacks Consensus Estimate are both currently pegged at 6 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Alamos currently carries a Zacks Rank #2.
Here are some companies in the basic materials space you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Kinross Gold Corporation (GOLD - Free Report) has an Earnings ESP of +2.50% and flaunts a Zacks Rank #1.
LyondellBasell Industries N.V. (LYB - Free Report) has an Earnings ESP of +1.26% and carries a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Alamos (AGI) to Report Q3 Earnings: What's in the Cards?
Alamos Gold Inc. (AGI - Free Report) is set to release third-quarter 2019 results on Oct 30, after the closing bell.
The company delivered a positive earnings surprise in the last reported quarter. Its adjusted earnings per share of 5 cents beat the Zacks Consensus Estimate of 4 cents.
The stock has gained 23.1% in the past year compared with the industry’s 62.3% surge.
Some Factors at Play in Q3
In July, the company stated that it expects gold production in the third quarter to be flat on a quarter-over-quarter basis. Notably, it reported production of 125,200 ounces of gold in the second quarter.
The company’s third-quarter performance is likely to have benefited from higher production at the Island Gold mine. The mine has been generating record quantities of gold over the trailing three reported quarters. It produced 75,100 ounces of gold through the first half of this year, driven by the benefit of the Phase 1 expansion. The trend is expected to have continued in the third quarter.
Also, higher gold prices are likely to have contributed to Alamos’ third-quarter margins. After a turbulent 2018, gold has had a stellar run in 2019. Uncertainties related to the U.S.-China standoff and geopolitical tensions have triggered demand for gold so far this year. Higher prices are expected to have made a positive impact on the company’s earnings.
What the Zacks Model Says
Our proven model doesn’t conclusively predict an earnings beat for Alamos this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Alamos is 0.00%. The Most Accurate Estimate and the Zacks Consensus Estimate are both currently pegged at 6 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Alamos currently carries a Zacks Rank #2.
Alamos Gold Inc. Price and EPS Surprise
Alamos Gold Inc. price-eps-surprise | Alamos Gold Inc. Quote
Stocks Poised to Beat Estimates
Here are some companies in the basic materials space you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Franco-Nevada Corporation (FNV - Free Report) has an Earnings ESP of +0.34% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross Gold Corporation (GOLD - Free Report) has an Earnings ESP of +2.50% and flaunts a Zacks Rank #1.
LyondellBasell Industries N.V. (LYB - Free Report) has an Earnings ESP of +1.26% and carries a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>