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.
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 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.
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.
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.
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.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.