Hecla Mining (NYSE: HL) reported earnings on May 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Hecla Mining whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share didn't change.

Gross margins shrank, operating margins contracted, net margins increased.

Revenue details
Hecla Mining logged revenue of $76.5 million. The four analysts polled by S&P Capital IQ predicted revenue of $91.7 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $91.2 million.

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 $0.01. The six earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. Non-GAAP EPS of $0.01 for Q1 were 83% lower than the prior-year quarter's $0.06 per share. GAAP EPS of $0.04 were the same as the prior-year quarter.

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 51.8%, much worse than the prior-year quarter. Operating margin was 8.3%, much worse than the prior-year quarter. Net margin was 14.5%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $103.9 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $517.8 million. The average EPS estimate is $0.24.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,257 members out of 1,323 rating the stock outperform, and 66 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give Hecla Mining a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hecla Mining is outperform, with an average price target of $5.99.

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