It's Showtime for Taseko Mines

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Taseko Mines (AMEX: TGB) is expected to report Q3 earnings on Oct. 31. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Taseko Mines's revenues will contract -24.7% and EPS will drop -100.0%.

The average estimate for revenue is $61.1 million. On the bottom line, the average EPS estimate is $0.00.


Revenue details
Last quarter, Taseko Mines reported revenue of $72.9 million. GAAP reported sales were 45% higher than the prior-year quarter's $50.1 million.

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

EPS details
Last quarter, EPS came in at $0.02. GAAP EPS were $0.02 for Q2 versus -$0.01 per share for the prior-year quarter.

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

Recent performance
For the preceding quarter, gross margin was 21.5%, 1,290 basis points worse than the prior-year quarter. Operating margin was 10.0%, 1,290 basis points better than the prior-year quarter. Net margin was 4.5%, 680 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $254.2 million. The average EPS estimate is $0.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,860 members out of 1,901 rating the stock outperform, and 41 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Taseko Mines a green thumbs-up, and 12 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 $8.08.

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The article It's Showtime for Taseko Mines originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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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