Thompson Creek Metals
The 10-second takeaway
For the quarter ended March 31 (Q1), Thompson Creek Metals beat expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank significantly and GAAP earnings per share contracted significantly. The profit was a surprise, as analysts had predicted a loss.
Margins dropped across the board.
Thompson Creek Metals reported revenue of $113.6 million. The nine analysts polled by S&P Capital IQ looked for revenue of $104.0 million on the same basis. GAAP reported sales were 45% lower than the prior-year quarter's $206.7 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 $0.01. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.06 per share. GAAP EPS of $0.01 for Q1 were 99% lower than the prior-year quarter's $0.73 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 9.9%, 4,270 basis points worse than the prior-year quarter. Operating margin was -14.5%, 5,120 basis points worse than the prior-year quarter. Net margin was 1.0%, 6,140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $136.5 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $549.0 million. The average EPS estimate is $0.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,233 members out of 1,255 rating the stock outperform, and 22 members rating it underperform. Among 264 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 263 give Thompson Creek Metals a green thumbs-up, and one 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 $8.86.
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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. He is the 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 don't 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.