Stillwater Mining Beats on EPS but GAAP Results Lag
Stillwater Mining (NYS: SWC) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Stillwater Mining whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Stillwater Mining tallied revenue of $203.1 million. The two analysts polled by S&P Capital IQ foresaw net sales of $242.3 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $170.1 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 $0.10. The three earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.02 for Q1 were 94% lower than the prior-year quarter's $0.34 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 22.1%, 1,590 basis points worse than the prior-year quarter. Operating margin was 0.9%, 2,320 basis points worse than the prior-year quarter. Net margin was 1.2%, 2,010 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $236.0 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $908.3 million. The average EPS estimate is $0.62.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 621 members out of 669 rating the stock outperform, and 48 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give Stillwater Mining 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 Stillwater Mining is outperform, with an average price target of $18.25.
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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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