Taseko Mines (AMEX: TGB) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Taseko Mines beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped to a loss. GAAP loss per share grew.
Gross margins shrank, operating margins increased, net margins dropped.
Taseko Mines logged revenue of $59.2 million. The four analysts polled by S&P Capital IQ anticipated a top line of $58.3 million on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $55.5 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 six earnings estimates compiled by S&P Capital IQ averaged -$0.01 per share. Non-GAAP EPS were -$0.01 for Q1 versus $0.01 per share for the prior-year quarter. GAAP EPS were -$0.05 for Q1 versus -$0.04 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 22.0%, 890 basis points worse than the prior-year quarter. Operating margin was 8.7%, much better than the prior-year quarter. Net margin was -17.4%, 230 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $90.9 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $369.2 million. The average EPS estimate is $0.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,832 members out of 1,876 rating the stock outperform, and 44 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 172 give Taseko Mines a green thumbs-up, and 14 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 $10.52.
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