The 10-second takeaway
For the quarter ended June 30 (Q2), Stillwater Mining missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Stillwater Mining reported revenue of $212.8 million. The two analysts polled by S&P Capital IQ looked for revenue of $218.8 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $222.6 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 $0.15. The three earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.15 for Q2 were 62% lower than the prior-year quarter's $0.39 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 21.0%, 1,400 basis points worse than the prior-year quarter. Operating margin was 6.5%, 1,550 basis points worse than the prior-year quarter. Net margin was 8.6%, 1,060 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $209.5 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $843.0 million. The average EPS estimate is $0.46.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 624 members out of 675 rating the stock outperform, and 51 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Stillwater Mining a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stillwater Mining is outperform, with an average price target of $15.80.
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