Pan American Silver
The 10-second takeaway
For the quarter ended March 31 (Q1), Pan American Silver missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.
Margins contracted across the board.
Pan American Silver reported revenue of $243.0 million. The four analysts polled by S&P Capital IQ predicted net sales of $255.8 million on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $228.8 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 $0.26. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.25 per share. Non-GAAP EPS of $0.26 for Q1 were 45% lower than the prior-year quarter's $0.47 per share. GAAP EPS of $0.10 for Q1 were 79% lower than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.1%, 630 basis points worse than the prior-year quarter. Operating margin was 24.2%, much worse than the prior-year quarter. Net margin was 8.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $250.9 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $1.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,098 members out of 1,165 rating the stock outperform, and 67 members rating it underperform. Among 167 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give Pan American Silver a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pan American Silver is hold, with an average price target of $22.51.
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