Taseko Mines (AMEX: TGB) is expected to report Q3 earnings on Oct. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Taseko Mines's revenues will contract -24.7% and EPS will drop -100.0%.
The average estimate for revenue is $61.1 million. On the bottom line, the average EPS estimate is $0.00.
Last quarter, Taseko Mines reported revenue of $72.9 million. GAAP reported sales were 45% higher than the prior-year quarter's $50.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.02. GAAP EPS were $0.02 for Q2 versus -$0.01 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 preceding quarter, gross margin was 21.5%, 1,290 basis points worse than the prior-year quarter. Operating margin was 10.0%, 1,290 basis points better than the prior-year quarter. Net margin was 4.5%, 680 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $254.2 million. The average EPS estimate is $0.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,860 members out of 1,901 rating the stock outperform, and 41 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Taseko Mines a green thumbs-up, and 12 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 $8.08.
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