The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hecla Mining beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped to zero.
Margins dropped across the board.
Hecla Mining tallied revenue of $81.1 million. The four analysts polled by S&P Capital IQ expected a top line of $79.2 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $102.9 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 $0.03. The seven earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. Non-GAAP EPS of $0.03 for Q4 were 50% lower than the prior-year quarter's $0.06 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.06.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.2%, 340 basis points worse than the prior-year quarter. Operating margin was 17.7%, much worse than the prior-year quarter. Net margin was 0.9%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $95.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $487.9 million. The average EPS estimate is $0.41.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,265 members out of 1,334 rating the stock outperform, and 69 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 190 give Hecla Mining a green thumbs-up, and 22 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 $6.33.
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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. The Motley Fool owns shares of Hargreaves Lansdown. 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