Hecla Mining (NYSE: HL ) reported earnings on Feb. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hecla Mining beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped to zero.
Margins dropped across the board.
Hecla Mining tallied revenue of $81.1 million. The four analysts polled by S&P Capital IQ expected a top line of $79.2 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $102.9 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 $0.03. The seven earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. Non-GAAP EPS of $0.03 for Q4 were 50% lower than the prior-year quarter's $0.06 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.06.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.2%, 340 basis points worse than the prior-year quarter. Operating margin was 17.7%, much worse than the prior-year quarter. Net margin was 0.9%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $95.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $487.9 million. The average EPS estimate is $0.41.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,265 members out of 1,334 rating the stock outperform, and 69 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Hecla Mining a green thumbs-up, and 22 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 $6.33.
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