Southern Copper (NYS: SCCO) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Southern Copper missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Southern Copper tallied revenue of $1.55 billion. The four analysts polled by S&P Capital IQ hoped for sales of $1.61 billion on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $1.75 billion.
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 $0.63. The five earnings estimates compiled by S&P Capital IQ averaged $0.60 per share. GAAP EPS of $0.26 for Q3 were 67% lower than the prior-year quarter's $0.79 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 56.8%, 440 basis points worse than the prior-year quarter. Operating margin was 49.2%, 590 basis points worse than the prior-year quarter. Net margin was 14.0%, 2,400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $6.67 billion. The average EPS estimate is $2.59.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,178 members out of 4,338 rating the stock outperform, and 160 members rating it underperform. Among 984 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 956 give Southern Copper a green thumbs-up, and 28 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Southern Copper is hold, with an average price target of $36.21.
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The article Southern Copper Beats on EPS But GAAP Results Lag originally appeared on Fool.com.
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