Gold.com Q4 revenue jumps 99% on acquisitions and gold prices
Gold.com Q4 revenue jumps 99% on acquisitions and gold prices
Overview
Precious metals platform's fiscal Q4 revenue nearly doubled yr/yr on higher gold prices, acquisitions
Net income and EPS for fiscal Q4 were flat yr/yr; gross margin declined
Company declared $1.00 per share special dividend
Outlook
Gold.com says underlying trends remain strong and it is well positioned for growth
Result Drivers
HIGHER GOLD PRICES AND SALES - Co said Q4 revenue growth was driven by higher average selling prices for gold and silver and increased gold ounces sold
ACQUISITIONS IMPACT - Co said Q4 revenue and gross profit benefited from acquisitions of Monex and SMI
SEGMENT CONTRIBUTION - Co said both Wholesale Sales & Ancillary Services and Direct-to-Consumer segments contributed to gross profit growth
Company press release: ID:nGNXc5Ndqt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $5.01 bln |
|
Q4 EPS |
| $0.41 |
|
Q4 Gross Margin |
| 2.2% |
|
Q4 Gross Profit |
| $110.3 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Gold.com Inc is $60.00, about 39.3% above its September 1 closing price of $43.07
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
Sept 2 - Dutch central bank moves gold from North America to London
Sept 2 - Aluminium producers offer Japanese buyers lower Q4 premiums, sources say
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)