The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Taseko Mines whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Taseko Mines booked revenue of $59.5 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $85.9 million on the same basis. GAAP reported sales were 46% lower than the prior-year quarter's $109.6 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 -$0.04. The one earnings estimate compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.04 for Q4 versus $0.11 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 31.9%, 2,510 basis points worse than the prior-year quarter. Operating margin was -27.9%, 6,720 basis points worse than the prior-year quarter. Net margin was -12.7%, 3,590 basis points worse than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $322.0 million. The average EPS estimate is $0.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,893 members out of 1,933 rating the stock outperform, and 40 members rating it underperform. Among 322 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 313 give Taseko Mines a green thumbs-up, and nine 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 $10.64.
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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.