AngloGold Ashanti Q3 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy AU?
Source: seekingalpha
- Earnings Release Date: AngloGold Ashanti is set to announce its Q3 earnings on February 20 before market open, with a consensus EPS estimate of $1.94, reflecting a 47% year-over-year increase, which could positively impact the stock price due to improved profitability.
- Revenue Growth Expectations: The anticipated revenue for Q3 is $2.99 billion, representing a 26.2% year-over-year growth, indicating strong performance in the gold market and further solidifying the company's position in the industry.
- Performance Beat Record: Over the past year, AngloGold Ashanti has beaten EPS estimates 25% of the time and revenue estimates 50% of the time, demonstrating stable performance against market analysts' expectations, which enhances investor confidence.
- Forecast Revision Trends: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have had one upward revision, indicating analysts' optimistic outlook on the company's future performance, potentially attracting more investor interest.
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Analyst Views on AU
Wall Street analysts forecast AU stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 108.350
Low
92.00
Averages
116.20
High
131.00
Current: 108.350
Low
92.00
Averages
116.20
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in 10 countries, across four continents. The Company’s diverse portfolio includes approximately 11 operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. The Company’s portfolio includes Africa, the Americas, and Australia. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). The Americas hosts three of its operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a significant new greenfield development in Nevada in the United States. Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AngloGold Ashanti Q3 Earnings Announcement Scheduled
- Earnings Release Date: AngloGold Ashanti is set to announce its Q3 earnings on February 20 before market open, with a consensus EPS estimate of $1.94, reflecting a 47% year-over-year increase, which could positively impact the stock price due to improved profitability.
- Revenue Growth Expectations: The anticipated revenue for Q3 is $2.99 billion, representing a 26.2% year-over-year growth, indicating strong performance in the gold market and further solidifying the company's position in the industry.
- Performance Beat Record: Over the past year, AngloGold Ashanti has beaten EPS estimates 25% of the time and revenue estimates 50% of the time, demonstrating stable performance against market analysts' expectations, which enhances investor confidence.
- Forecast Revision Trends: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have had one upward revision, indicating analysts' optimistic outlook on the company's future performance, potentially attracting more investor interest.
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AngloGold Ashanti Q3 Earnings Announcement Scheduled
- Earnings Release Date: AngloGold Ashanti is set to announce its Q3 earnings on February 20 before market open, with a consensus EPS estimate of $1.94, reflecting a 47% year-over-year increase, which could positively impact the stock price due to improved profitability.
- Revenue Growth Expectations: The anticipated revenue for Q3 is $2.99 billion, representing a 26.2% year-over-year growth, indicating strong performance in the gold market and further solidifying the company's position in the industry.
- Performance Beat Record: Over the past year, AngloGold Ashanti has beaten EPS estimates 25% of the time and revenue estimates 50% of the time, demonstrating stable performance against market analysts' expectations, which enhances investor confidence.
- Forecast Revision Trends: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have had one upward revision, indicating analysts' optimistic outlook on the company's future performance, potentially attracting more investor interest.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
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US Stock Markets Rise on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
US Stock Markets Rise on Positive Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that could further boost stock markets.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the real estate market that may enhance investment confidence in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which could strengthen market confidence in economic recovery.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, reflecting ongoing improvements in corporate profitability that may further drive stock market gains.
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U.S. Stocks Close Mixed, Apple Shares Rise on Product Launch News
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- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
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