The 10-second takeaway
For the quarter ended March 31 (Q1), Hecla Mining beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Hecla Mining recorded revenue of $91.2 million. The four analysts polled by S&P Capital IQ expected a top line of $85.1 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $136.4 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 $0.06. The seven earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.04 for Q1 were 73% lower than the prior-year quarter's $0.15 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 63.5%, 380 basis points worse than the prior-year quarter. Operating margin was 30.3%, 1,940 basis points worse than the prior-year quarter. Net margin was 13.8%, 1,800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $86.2 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $380.7 million. The average EPS estimate is $0.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,270 members out of 1,337 rating the stock outperform, and 67 members rating it underperform. Among 233 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give Hecla Mining a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hecla Mining is hold, with an average price target of $6.51.
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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.