The Evolution Mining Ltd (ASX: EVN) share price edged higher Wednesday ahead of its FY21 full-year results tomorrow.
No doubt, investors will be keen to go over the gold miner's numbers for the second-half of the financial year.
The gold miner's shares closed the day at $3.95, up 1.28%.
Let's take a look to see how Evolution performed for the first-half of FY21 and how its share price reacted.
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What did Evolution report for H1 FY21?
During mid-February, Evolution delivered its first-half result, citing record growth across its key metrics.
Here's a summary of the financial numbers that Evolution posted for its last earnings season.
- Underlying Net Profit After Tax (NPAT) up 57% to $234 million (H1 FY21 $149.1 million);
- Earnings before interest, tax, depreciation and amortisation (EBITDA) up 17% to $514.6 million (H1 FY20 $441.2 million); and
- Fully-franked interim dividend of 7 cents per share (50% dividend payout ratio).
Following the release, Evolution shares sunk from $4.68 on 17 February to as low as $3.79 just two weeks after. This represents a decline of almost 20% for the established gold miner.
However, investors were purchasing the company's shares at bargain prices, sending it back up to pre-half-year reporting levels in April.
What should investors look out for this earnings season?
According to Goldman Sachs, Evolution is expected to report total FY21 revenue of $1,879.1 million. In comparison, the prior corresponding year brought in $1,946.8 million.
In addition, underlying EBITDA is forecasted to come in at $903 million, compared to $1,029.4 million in FY20.
A final dividend of 5 cents per share is almost predicated to be declared by the Evolution board.
Goldman Sachs noted the underwhelming near-term outlook on softer than expected production numbers, all-in sustaining costs (ASIC) and capital expenditure.
Evolution share price snapshot
Year-to-date, the Evolution share price has continued to tread lower, falling 20% for the period. When looking at a longer time frame, the company's shares are down 36% over the last 12 months.
Evolution commands a market capitalisation of roughly $7.1 billion, making it the 79th largest company on the ASX.
