Kinross Gold Q4 Earnings Rise but Fall Short of Estimates

Kinross Gold Corp. reported a significant earnings increase in Q4 but missed analyst expectations. Despite an earning rise to $275.6 million or $0.22 EPS from $65.4 million or $0.06 EPS last year, the earnings per share fell short of the anticipated $0.25.

Date: 13-02-2025

AI Rating: 5

Financial Performance Overview

Kinross Gold Corp. reported earnings of $275.6 million for the fourth quarter, significantly up from $65.4 million in the same period last year. This translates to an earnings per share (EPS) of $0.22 compared to $0.06 one year ago, showcasing a strong year-over-year growth.

However, the report indicates that the company's earnings did not meet the expectations set by analysts, who had forecasted an EPS of $0.25. The adjusted earnings also reflect this shortfall, coming in at $240 million or $0.20 per share, excluding certain items. While the overall earnings show positive growth, the fact that it did not align with analyst expectations results in a slightly negative sentiment in the market.

Key Financial Metrics:

Earnings Per Share (EPS): Reported at $0.22, missed the expected $0.25.
Net Income: Increased from $65.4 million to $275.6 million year-over-year.

This combination of rising earnings alongside a failure to meet analysts' expectations may lead to a mixed reaction from investors. They might view the earnings growth positively but could also express concern regarding the shortfall in EPS relative to expectations. This indicates that while Kinross Gold is improving its profitability, investor confidence might be somewhat dampened due to the missed targets.

Stocks: K.TO