Hecla Mining Whiffs on Revenues

Hecla Mining (NYSE: HL  ) reported earnings on Aug. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Hecla Mining whiffed on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
Hecla Mining chalked up revenue of $67.0 million. The four analysts polled by S&P Capital IQ anticipated a top line of $78.6 million on the same basis. GAAP reported sales were 43% lower than the prior-year quarter's $117.9 million.

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

EPS details
EPS came in at $0.02. The eight earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS of $0.01 for Q2 were 91% lower than the prior-year quarter's $0.11 per share.

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 50.5%, 1,650 basis points worse than the prior-year quarter. Operating margin was -0.4%, 4,770 basis points worse than the prior-year quarter. Net margin was 3.8%, 2,450 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $84.0 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $360.9 million. The average EPS estimate is $0.21.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,282 members out of 1,347 rating the stock outperform, and 65 members rating it underperform. Among 231 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 207 give Hecla Mining 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 Hecla Mining is hold, with an average price target of $5.96.

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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. TMFDisclosureHere


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