Thompson Creek Metals Beats on the Top Line

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 9, 2013 at 12:00AM
Other

Thompson Creek Metals (NYSE: TC) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Thompson Creek Metals beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. GAAP earnings per share shrank to zero.

Gross margins grew, operating margins grew, net margins dropped.

Revenue details
Thompson Creek Metals logged revenue of $108.7 million. The eight analysts polled by S&P Capital IQ expected sales of $99.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.00. The eight earnings estimates compiled by S&P Capital IQ averaged $0.00 per share. GAAP EPS contracted to zero from the prior-year quarter's $0.01.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.9%, much better than the prior-year quarter. Operating margin was 15.6%, much better than the prior-year quarter. Net margin was 0.8%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $108.3 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $496.9 million. The average EPS estimate is $0.10.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,317 members out of 1,348 rating the stock outperform, and 31 members rating it underperform. Among 219 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 215 give Thompson Creek Metals a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is hold, with an average price target of $4.64.

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