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Gold.com Q3 revenue jumps 244% on record metal prices

Overview

Precious metals platform's fiscal Q3 revenue rose 244% yr/yr, driven by record metal prices

Fiscal Q3 diluted EPS rebounded to $2.09 from a loss in prior-year quarter

Company announced quarterly cash dividend and completed strategic partnership with Tether

Outlook

Gold.com says it is positioned to capture growth across multiple markets

Company expects expanded production capabilities following recent acquisitions

Company sees opportunities in both physical and digital gold markets

Result Drivers

RECORD METAL PRICES - Co said higher average selling prices of gold and silver and elevated market volatility drove revenue and profit growth

ACQUISITIONS - Co said acquisitions of Monex, SGI, Pinehurst, and AMS contributed to revenue and gross profit increases

HIGHER ORDER VALUES - Co reported substantial increases in average order value and active customers in Direct-to-Consumer and JM Bullion segments

Company press release: ID:nGNX2PCJTr

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$10.35 bln
Q3 EPS$2.09
Q3 Net Income$59.49 mln
Q3 Gross Margin1.71%
Q3 Gross Profit$176.60 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $58.50, about 36.1% above its May 5 closing price of $42.97 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago 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.)

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