Thompson Creek Metals Beats Expectations but Takes a Step Back Anyway
Thompson Creek Metals (NYS: TC) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Thompson Creek Metals missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share expanded to zero.
Gross margins contracted, operating margins contracted, and net margins improved.
Thompson Creek Metals notched revenue of $116.7 million. The eight analysts polled by S&P Capital IQ hoped for sales of $122.1 million on the same basis. GAAP reported sales were 26% lower than the prior-year quarter's $156.8 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. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.07 per share. GAAP EPS shrank to zero from the prior-year quarter's -$0.27.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.7%, 4,610 basis points worse than the prior-year quarter. Operating margin was -15.5%, 5,120 basis points worse than the prior-year quarter. Net margin was 0.7%, 2,940 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $144.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $578.4 million. The average EPS estimate is $0.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,205 members out of 1,228 rating the stock outperform, and 23 members rating it underperform. Among 337 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 334 give Thompson Creek Metals a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is hold, with an average price target of $9.70.
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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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