Why Kinross Gold (KGC) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Kinross Gold (KGC) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - Kinross Gold has a solid track record of surpassing earnings estimates, with an average surprise of 23.08% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.39 per share by 12.82%. In the previous quarter, it also outperformed expectations, reporting $0.44 per share against an estimate of $0.33 per share, resulting in a surprise of 33.33% [3]. Earnings Estimates - Recent favorable changes in earnings estimates for Kinross Gold indicate a positive outlook, with a Zacks Earnings ESP (Expected Surprise Prediction) currently at +4.71%, suggesting analysts are optimistic about the company's near-term earnings potential [6][9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [7][9]. Earnings ESP Metric - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide more accurate predictions [8]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [10].