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.
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 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.
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.)
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.
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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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.