The Gory Details of Coeur d'Alene Mines' Earnings Miss

Coeur d'Alene Mines (NYSE: CDE  ) reported earnings on Feb. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Coeur d'Alene Mines missed slightly on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share grew.

Gross margins dropped, operating margins increased, and net margins expanded.

Revenue details
Coeur d'Alene Mines logged revenue of $246.9 million. The four analysts polled by S&P Capital IQ expected a top line of $250.8 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $207.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.47. The six earnings estimates compiled by S&P Capital IQ anticipated $0.56 per share on the same basis. GAAP EPS were $0.12 for Q4 against -$0.11 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.2%, 200 basis points worse than the prior-year quarter. Operating margin was 58.8%, 6,260 basis points better than the prior-year quarter. Net margin was 4.6%, 940 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $246.2 million. On the bottom line, the average EPS estimate is $0.73.

Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $3.19.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,359 members rating the stock outperform and 85 members rating it underperform. Among 346 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 329 give Coeur d'Alene Mines a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coeur d'Alene Mines is outperform, with an average price target of $35.63.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On February 24, 2012, at 12:30 PM, EllenBrandtPhD wrote:

    How can you just LIE and get away with it?!!!

    Consensus was 40 cents. They beat convincingly.

    They met on revenues which were guided down months in advance on the major closure and improvements at Kenisington.

    It was a solid earnings report and conference call.

    Motley Fool should present balanced and unbiased commentary, not Propaganda bought and paid for by Short sellers, who have been destroyed on this stock! ever since Eric Sprott made his massive buy, showing it is his primary Silver bet within the major indices.

  • Report this Comment On February 24, 2012, at 2:17 PM, banksterbuster wrote:

    Wow, average estimates were for 40 cents in earnings, but the lying fool says that an obscure group called capital IQ thought 56 cents. CDE beat average earning estimates, but not the estimate of Capital IQ, whoever they are. Even the chart in the article shows that CDE beat earning estimates.

    The title to the article is dishonest. Fraudy Fool wrote this one to manipulate, not report.

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