The 10-second takeaway
For the quarter ended March 31 (Q1), Taseko Mines beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Taseko Mines recorded revenue of $55.5 million. The two analysts polled by S&P Capital IQ expected to see revenue of $53.2 million on the same basis. GAAP reported sales were 8.4% lower than the prior-year quarter's $60.5 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 five earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS were -$0.04 for Q1 versus $0.03 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 30.9%, 1,200 basis points worse than the prior-year quarter. Operating margin was -17.3%, 4,660 basis points worse than the prior-year quarter. Net margin was -15.1%, 2,490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $81.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $316.8 million. The average EPS estimate is $0.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,883 members out of 1,922 rating the stock outperform, and 39 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 273 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 $9.11.
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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.