Thompson Creek Metals (NYS: TC) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Thompson Creek Metals beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Thompson Creek Metals logged revenue of $113.5 million. The eight analysts polled by S&P Capital IQ predicted revenue of $110.5 million on the same basis. GAAP reported sales were 41% lower than the prior-year quarter's $190.9 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 -$0.09. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.12 per share. GAAP EPS were -$0.09 for Q2 against $0.68 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 5.0%, 4,700 basis points worse than the prior-year quarter. Operating margin was -16.2%, 5,240 basis points worse than the prior-year quarter. Net margin was -13.0%, 7,420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $129.5 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $493.9 million. The average EPS estimate is -$0.09.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,290 members out of 1,320 rating the stock outperform, and 30 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 247 give Thompson Creek Metals a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thompson Creek Metals is outperform, with an average price target of $7.68.
Worried about inflation? Interested in gold? Find out the best way to profit in both scenarios a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
Add Thompson Creek Metals to My Watchlist.
The article Thompson Creek Metals Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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. The Motley Fool has no positions in the stocks mentioned above. 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.