Southern Copper Meets on Revenues, Misses on EPS
Southern Copper (NYS: SCCO) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Southern Copper met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Margins contracted across the board.
Southern Copper notched revenue of $1.67 billion. The five analysts polled by S&P Capital IQ predicted revenue of $1.69 billion. GAAP sales were 11% higher than the prior-year quarter's $1.50 billion.
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 $0.64. The six earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.64 for Q4 were 10% higher than the prior-year quarter's $0.58 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 60.9%, 400 basis points worse than the prior-year quarter. Operating margin was 54.0%, 350 basis points worse than the prior-year quarter. Net margin was 32.2%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.48 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $6.90 billion. The average EPS estimate is $2.61.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,210 members out of 4,368 rating the stock outperform, and 158 members rating it underperform. Among 1,157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,131 give Southern Copper a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Southern Copper is hold, with an average price target of $36.69.
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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.