Taseko Mines Goes Negative
Taseko Mines (ASE: TGB) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Taseko Mines beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Taseko Mines recorded revenue of $55.5 million. The two analysts polled by S&P Capital IQ expected to see revenue of $53.2 million on the same basis. GAAP reported sales were 8.4% lower than the prior-year quarter's $60.5 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 $0.01. The five earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS were -$0.04 for Q1 versus $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.9%, 1,200 basis points worse than the prior-year quarter. Operating margin was -17.3%, 4,660 basis points worse than the prior-year quarter. Net margin was -15.1%, 2,490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $81.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $316.8 million. The average EPS estimate is $0.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,883 members out of 1,922 rating the stock outperform, and 39 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 273 give Taseko Mines 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 Taseko Mines is outperform, with an average price target of $9.11.
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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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