Thompson Creek Metals
The 10-second takeaway
For the quarter ended June 30 (Q2), Thompson Creek Metals beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Thompson Creek Metals logged revenue of $113.5 million. The eight analysts polled by S&P Capital IQ predicted revenue of $110.5 million on the same basis. GAAP reported sales were 41% lower than the prior-year quarter's $190.9 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 -$0.09. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.12 per share. GAAP EPS were -$0.09 for Q2 against $0.68 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 5.0%, 4,700 basis points worse than the prior-year quarter. Operating margin was -16.2%, 5,240 basis points worse than the prior-year quarter. Net margin was -13.0%, 7,420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $129.5 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $493.9 million. The average EPS estimate is -$0.09.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,290 members out of 1,320 rating the stock outperform, and 30 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 247 give Thompson Creek Metals a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is outperform, with an average price target of $7.68.
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