Taseko Mines Beats on Revenue, Matches Expectations on EPS

Taseko Mines (AMEX: TGB) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Taseko Mines beat slightly on revenues and met expectations on earnings per share.

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

Gross margins shrank, operating margins increased, net margins dropped.

Revenue details
Taseko Mines logged revenue of $59.2 million. The four analysts polled by S&P Capital IQ anticipated a top line of $58.3 million on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $55.5 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 -$0.01. The six earnings estimates compiled by S&P Capital IQ averaged -$0.01 per share. Non-GAAP EPS were -$0.01 for Q1 versus $0.01 per share for the prior-year quarter. GAAP EPS were -$0.05 for Q1 versus -$0.04 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 22.0%, 890 basis points worse than the prior-year quarter. Operating margin was 8.7%, much better than the prior-year quarter. Net margin was -17.4%, 230 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $90.9 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $369.2 million. The average EPS estimate is $0.21.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,832 members out of 1,876 rating the stock outperform, and 44 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 172 give Taseko Mines a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Taseko Mines is outperform, with an average price target of $10.52.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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