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Kinross Gold Third Quarter 2022 Earnings: Misses Expectations

Kinross Gold (TSE:K) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$856.5m (flat on 3Q 2021).

  • Net income: US$65.7m (up from US$44.9m loss in 3Q 2021).

  • Profit margin: 7.7% (up from net loss in 3Q 2021).

  • EPS: US$0.051 (up from US$0.036 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kinross Gold Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 9.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Kinross Gold that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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