Taseko Mines Goes Red

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Taseko Mines (ASE: TGB) reported earnings on March 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Taseko Mines whiffed on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.

Margins contracted across the board.

Revenue details
Taseko Mines booked revenue of $59.5 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $85.9 million on the same basis. GAAP reported sales were 46% lower than the prior-year quarter's $109.6 million.

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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 -$0.04. The one earnings estimate compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.04 for Q4 versus $0.11 per share for the prior-year quarter.

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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 31.9%, 2,510 basis points worse than the prior-year quarter. Operating margin was -27.9%, 6,720 basis points worse than the prior-year quarter. Net margin was -12.7%, 3,590 basis points worse than the prior-year quarter.

Looking ahead
On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $322.0 million. The average EPS estimate is $0.36.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,893 members out of 1,933 rating the stock outperform, and 40 members rating it underperform. Among 322 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 313 give Taseko Mines a green thumbs-up, and nine 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 $10.64.

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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.

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