The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Stillwater Mining whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted significantly.
Margins shrank across the board.
Stillwater Mining booked revenue of $181.0 million. The two analysts polled by S&P Capital IQ foresaw a top line of $208.1 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $253.7 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 $0.11. The four earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.11 for Q3 were 70% lower than the prior-year quarter's $0.37 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 21.6%, 920 basis points worse than the prior-year quarter. Operating margin was 6.3%, 1,170 basis points worse than the prior-year quarter. Net margin was 7.2%, 890 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $223.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $811.7 million. The average EPS estimate is $0.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 621 members out of 671 rating the stock outperform, and 50 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give Stillwater Mining a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stillwater Mining is outperform, with an average price target of $13.96.
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