Thompson Creek Metals
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Thompson Creek Metals missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share expanded to zero.
Gross margins contracted, operating margins contracted, and net margins improved.
Thompson Creek Metals notched revenue of $116.7 million. The eight analysts polled by S&P Capital IQ hoped for sales of $122.1 million on the same basis. GAAP reported sales were 26% lower than the prior-year quarter's $156.8 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. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.07 per share. GAAP EPS shrank to zero from the prior-year quarter's -$0.27.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.7%, 4,610 basis points worse than the prior-year quarter. Operating margin was -15.5%, 5,120 basis points worse than the prior-year quarter. Net margin was 0.7%, 2,940 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $144.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $578.4 million. The average EPS estimate is $0.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,205 members out of 1,228 rating the stock outperform, and 23 members rating it underperform. Among 337 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 334 give Thompson Creek Metals a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is hold, with an average price target of $9.70.
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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. 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.