Okirkland Lake Gold (KL) got here out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.28 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 10.53%. 1 / 4 in the past, it was anticipated that this gold producer would submit earnings of $0.49 per share when it truly produced earnings of $0.50, delivering a shock of two.04%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Kirkland Lake Gold, which belongs to the Zacks Mining – Gold business, posted revenues of $381.43 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.76%. This compares to year-ago revenues of $222.70 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s speedy worth motion based mostly on the…