Commodities Earnings Preview: Good News for Oil, Bad News for Gold and Copper

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Earnings season for Q1 2013 is well on its way, with several bellwether commodity stocks already reporting better-than-expected results. Agribusiness giant Monsanto Company ( MON ) posted earnings that significantly beat out estimates: Earnings rose 22%, while profits came in at $1.48 billion. Meanwhile, Halliburton ( HAL ) reported an unprofitable quarter, though the company added $1 billion to reserves tied to litigation involving the Deepwater Horizon rig explosion. Barrick Gold ( ABX ) also beat analyst expectations, clocking in an EPS of $0.86.

Below, we highlight four important commodity firms reporting earnings this Friday and Monday that investors should be watching:

  • Southern Copper Corporation ( SCCO ): This Phoenix-based copper company is primarily engaged in mining, exploring, and refining copper in Peru, Mexico, and Chile. The company recently announced its new CFO, Raul Jacob Ruisanchez, and is expected to report Q1 earnings this Friday. Analyst estimates put EPS at $0.61, slightly below last quarter's earnings of $0.63 per share. Revenues are also expected to come in slightly lower compared to Q4 2012; average estimates are around $1.6 billion.
  • TransCanada Corporation ( TRP ): This company operates natural gas and oil pipelines, and has been on the radar of many investors following the Keystone Pipeline case. On Friday, analysts expected TransCanada to report earnings of $0.55 per share, an uptick from Q4 2012′s $0.45 figure. Revenues, however, are expected to remain the same at $2.1 billion.
  • Newmont Mining Corporation (NEM): This popular gold miner is slated to report earnings on Monday. Analysts expect earnings per share to fall to $0.84 from the previously recorded $1.11 Q4 2012 reading. Revenues are also expected to be lower, coming in at $2.3 billion.
  • Suncor Energy Inc. (SU): Another Canadian-based firm closely tied to the Keystone pipeline, Suncor Energy is expected to make somewhat of a turnaround from the previous quarter. Analyst put EPS estimates at $0.76, compared to Q4 2012′s $0.65 reading. Last quarter, the company posted a net loss, but analysts expect revenues to increase to $10.2 billion.
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Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: ABX , HAL , MON , SCCO , TRP

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