Pan American Silver (Nasdaq: PAAS ) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Pan American Silver whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Pan American Silver chalked up revenue of $200.6 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $245.2 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $231.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.23. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.23 for Q2 were 78% lower than the prior-year quarter's $1.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.2%, 800 basis points worse than the prior-year quarter. Operating margin was 19.5%, 2,630 basis points worse than the prior-year quarter. Net margin was 21.9%, 2,670 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $260.1 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $1.71.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,103 members out of 1,167 rating the stock outperform, and 64 members rating it underperform. Among 244 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 220 give Pan American Silver a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pan American Silver is hold, with an average price target of $25.82.
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