Allied Nevada Gold Corp misses on revenue


Allied Nevada Gold Corp (ANV): Q4 EPS of -$0.18

Revenue of $82.97M (+8.0% Y/Y) misses by $9.69M.

From other sites
Comments (6)
  • mikeginn
    , contributor
    Comments (323) | Send Message
     
    Just read their results press release.
    Contained a lot of positive progress, in the areas that needed it.
    Seems like the SA headline misses what was important.
    24 Feb 2014, 07:10 PM Reply Like
  • harkvasa
    , contributor
    Comments (85) | Send Message
     
    If the current price of Gold and Silver is the average price realized by ANV during 2014, then ANV could have an adjusted EPS of over 50 cents per share in 2014.
    ANV also remains very attractive take over candidate, and I think, it is worth over $12 per share in the next 9 months.
    I am long on ANV
    24 Feb 2014, 07:28 PM Reply Like
  • Rosencrantz and Guildenstern
    , contributor
    Comments (17) | Send Message
     
    The 4th Quarter had a lot of write downs that had to be applied in accrued accounting methods, which led to the loss for the quarter being applied to the yearly earnings. At least in the next quarter that loss won't be there anymore and perhaps the taxes will be lighter if the company applies the tax credit to 2014 earnings.
    24 Feb 2014, 10:51 PM Reply Like
  • johnofarizonaoregon
    , contributor
    Comments (291) | Send Message
     
    The press release for ANV which is linked to at the end of the article doesn't say anything about a negative EPS. It states that the (adjusted) EPS was $0.17 per share. It also mentions that the net income from "selling record gold and silver ounces" was $0.01 per share. Both positive numbers. It seems that for some reason someone added the two different numbers, .17 and .01 to arrive at .18 and then changed the sign of the result from positive to negative, in the "breaking news" flash. It will be sorted out tomorrow.

     

    The press release about the earnings report sounds very good.
    25 Feb 2014, 01:08 AM Reply Like
  • Rosencrantz and Guildenstern
    , contributor
    Comments (17) | Send Message
     
    It is as clear as pea soup to me. Usually if something is unclear, people are usual to assume the worst. I think mgt. made a hash of the earnings report. They broke up the production figures on a quarterly basis. Why didn't they do that for the cash flow and income statements?
    25 Feb 2014, 03:02 AM Reply Like
  • Rosencrantz and Guildenstern
    , contributor
    Comments (17) | Send Message
     
    It's more likely they had added all the previous 3 quarters to 19 cents(.10+.05+.04) and then subtracted 18 cents for the 4th quarter. I assumed the fin. report was for all of fiscal 2013.
    25 Feb 2014, 07:30 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs