Kinross Gold (KGC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Kinross Gold (KGC) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Kinross Gold is expected to report quarterly earnings of $0.27 per share, reflecting a year-over-year increase of +92.9% [3]. - Revenues are projected to be $1.35 billion, which is a 10.3% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.74% lower in the last 30 days, indicating a reassessment by analysts [4]. - Despite the downward revision, the Most Accurate Estimate for Kinross Gold is higher than the consensus, resulting in a positive Earnings ESP of +15.34% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [10]. - Kinross Gold holds a Zacks Rank of 1, indicating a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Kinross Gold exceeded the expected earnings of $0.22 per share by delivering $0.30, resulting in a surprise of +36.36% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - In the Zacks Mining - Gold industry, Idaho Strategic Resources, Inc. is expected to post earnings of $0.12 per share, indicating a year-over-year decline of -29.4% [18]. - Idaho Strategic Resources has seen a 23.1% increase in its consensus EPS estimate over the last 30 days, but its Earnings ESP is 0%, making predictions about beating the consensus EPS estimate uncertain [19].