Coeur d'Alene Mines Goes Negative

Coeur d'Alene Mines (NYSE: CDE  ) reported earnings on Nov. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Coeur d'Alene Mines missed estimates on revenues and missed estimates on earnings per share.

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

Margins shrank across the board.

Revenue details
Coeur d'Alene Mines logged revenue of $230.6 million. The four analysts polled by S&P Capital IQ expected a top line of $252.8 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $343.6 million.

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

EPS details
EPS came in at $0.29. The eight earnings estimates compiled by S&P Capital IQ forecast $0.41 per share. GAAP EPS were -$0.18 for Q3 versus $0.35 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 45.7%, 1,220 basis points worse than the prior-year quarter. Operating margin was 15.3%, 590 basis points worse than the prior-year quarter. Net margin was -6.9%, 1,590 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $286.4 million. On the bottom line, the average EPS estimate is $0.61.

Next year's average estimate for revenue is $987.5 million. The average EPS estimate is $1.62.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,366 members out of 1,468 rating the stock outperform, and 102 members rating it underperform. Among 262 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 241 give Coeur d'Alene Mines a green thumbs-up, and 21 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 $29.88.

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  • Report this Comment On November 07, 2012, at 7:26 AM, EllenBrandtPhD wrote:

    Most people I've talked to think this is a tremendous chance to buy more or start a new Long position, if you believe Gold and Silver prices are about to have a very good end of year, indeed - as they ARE.

    It's akin to the AEM blow-up last winter, that made those clever enough to take advantage of the sell-off close to 100 percent already. Or the Randgold Mali scare blow-up just a few months ago. If you bought into that one, you made 60 percent.

    We also think this is an object lesson to managements in the sector that they MUST keep key analysts in the loop about operational issues.

    The main reason CDE was slapped on the wrist so hard yesterday - spurred, of course, by an INACCURATE Reuters UK headline fed to a naive or harried reporter by CDE's biggest Short, who is in the UK - is that five analysts had raised ratings and/or Targets within the last six weeks.

    They are miffed, and their clients are miffed. But on the bright side, I'm certain most of those clients - along with everyone who understands and follows the stock - was buying like crazy yesterday. Let's hope a particularly nasty and malicious group of Shorts were also able to cover a lot of what they had left and will no longer harass us with constant silly and childish articles on Business Insider and Seeking Alpha, along the lines of "CDE management has cooties and need to be quarantined on tropical atolls."

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