The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hecla Mining beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to zero.
Margins dropped across the board.
Hecla Mining notched revenue of $81.9 million. The four analysts polled by S&P Capital IQ anticipated a top line of $77.4 million on the same basis. GAAP reported sales were 32% lower than the prior-year quarter's $120.5 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 nine earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.19.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.7%, 580 basis points worse than the prior-year quarter. Operating margin was 16.8%, 5,740 basis points worse than the prior-year quarter. Net margin was -1.1%, 4,750 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $87.9 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $327.4 million. The average EPS estimate is $0.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,272 members out of 1,336 rating the stock outperform, and 64 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 230 give Hecla Mining a green thumbs-up, and 19 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 $6.02.
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