Hecla Mining (NYS: HL) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hecla Mining beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Hecla Mining recorded revenue of $91.2 million. The four analysts polled by S&P Capital IQ expected a top line of $85.1 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $136.4 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 $0.06. The seven earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.04 for Q1 were 73% lower than the prior-year quarter's $0.15 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 63.5%, 380 basis points worse than the prior-year quarter. Operating margin was 30.3%, 1,940 basis points worse than the prior-year quarter. Net margin was 13.8%, 1,800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $86.2 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $380.7 million. The average EPS estimate is $0.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,270 members out of 1,337 rating the stock outperform, and 67 members rating it underperform. Among 233 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give Hecla Mining a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hecla Mining is hold, with an average price target of $6.51.
Over the decades, small-cap stocks, like Hecla Mining have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Hecla Mining to My Watchlist.
At the time thisarticle 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.