Pan American Silver (Nasdaq: PAAS ) reported earnings on Nov. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Pan American Silver met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Pan American Silver recorded revenue of $251.8 million. The four analysts polled by S&P Capital IQ wanted to see net sales of $255.7 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $220.6 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 11 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.15 for Q3 were 69% lower than the prior-year quarter's $0.48 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 39.5%, 870 basis points worse than the prior-year quarter. Operating margin was 22.2%, 2,030 basis points worse than the prior-year quarter. Net margin was 9.0%, 1,470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $268.1 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $977.0 million. The average EPS estimate is $1.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,112 members out of 1,176 rating the stock outperform, and 64 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 265 give Pan American Silver 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 Pan American Silver is hold, with an average price target of $23.55.
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