Why Kinross Gold (KGC) Could Beat Earnings Estimates Again

Core Viewpoint - Kinross Gold (KGC) is positioned to continue its earnings-beat streak, having recently surpassed earnings estimates in its last two reports with an average surprise of 23.08% [1] Earnings Performance - For the most recent quarter, Kinross Gold reported earnings of $0.44 per share, exceeding the expected $0.39 per share, resulting in a surprise of 12.82% [2] - In the previous quarter, the company also beat expectations, reporting $0.44 per share against a consensus estimate of $0.33 per share, which was a surprise of 33.33% [2] Earnings Estimates and Predictions - Recent estimates for Kinross Gold have been revised upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for another earnings beat [5] - The current Earnings ESP for Kinross Gold is +4.00%, reflecting increased analyst optimism regarding its near-term earnings potential [8] Zacks Rank and Predictive Power - Kinross Gold holds a Zacks Rank of 1 (Strong Buy), which, when combined with its positive Earnings ESP, suggests a high likelihood of another earnings beat [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [6]