Taseko Mines Goes Negative
Taseko Mines (AMEX: TGB) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Taseko Mines beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Revenue details
Taseko Mines chalked up revenue of $61.9 million. The two analysts polled by S&P Capital IQ looked for revenue of $61.1 million on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $81.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.02. The five earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were -$0.02 for Q3 compared to $0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 19.2%, 1,070 basis points worse than the prior-year quarter. Operating margin was -12.6%, 8,500 basis points worse than the prior-year quarter. Net margin was -6.3%, 4,200 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $67.7 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $253.4 million. The average EPS estimate is $0.05.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,858 members out of 1,899 rating the stock outperform, and 41 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 242 give Taseko Mines a green thumbs-up, and 12 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 $9.65.
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The article Taseko Mines Goes Negative originally appeared on Fool.com.
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