Thompson Creek Metals
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Thompson Creek Metals whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Thompson Creek Metals reported revenue of $74.9 million. The nine analysts polled by S&P Capital IQ looked for a top line of $108.4 million on the same basis. GAAP reported sales were 52% lower than the prior-year quarter's $154.8 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 -$0.29. The five earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. GAAP EPS were -$0.29 for Q3 against $0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -14.7%, 4,970 basis points worse than the prior-year quarter. Operating margin was -49.9%, 6,440 basis points worse than the prior-year quarter. Net margin was -64.4%, 9,390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $136.2 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $442.5 million. The average EPS estimate is -$0.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,303 members out of 1,336 rating the stock outperform, and 33 members rating it underperform. Among 266 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give Thompson Creek Metals a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is outperform, with an average price target of $4.75.
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