The 10-second takeaway
For the quarter ended March 31 (Q1), Stillwater Mining whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Stillwater Mining tallied revenue of $203.1 million. The two analysts polled by S&P Capital IQ foresaw net sales of $242.3 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $170.1 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 $0.10. The three earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.02 for Q1 were 94% lower than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.1%, 1,590 basis points worse than the prior-year quarter. Operating margin was 0.9%, 2,320 basis points worse than the prior-year quarter. Net margin was 1.2%, 2,010 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $236.0 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $908.3 million. The average EPS estimate is $0.62.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 621 members out of 669 rating the stock outperform, and 48 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give Stillwater Mining 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 Stillwater Mining is outperform, with an average price target of $18.25.
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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.