Hecla Mining (NYS: HL) is expected to report Q3 earnings on Nov. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hecla Mining's revenues will decrease -36.8% and EPS will wither -66.7%.
The average estimate for revenue is $76.2 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Hecla Mining chalked up revenue of $67.0 million. GAAP reported sales were 43% lower than the prior-year quarter's $117.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.02. GAAP EPS of $0.01 for Q2 were 91% lower than the prior-year quarter's $0.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 50.5%, 1,650 basis points worse than the prior-year quarter. Operating margin was 18.5%, 2,880 basis points worse than the prior-year quarter. Net margin was 3.8%, 2,450 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $327.7 million. The average EPS estimate is $0.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,272 members out of 1,337 rating the stock outperform, and 65 members rating it underperform. Among 261 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 241 give Hecla Mining a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hecla Mining is hold, with an average price target of $5.96.
Looking for alternatives to Hecla Mining? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
Add Hecla Mining to My Watchlist.
The article Will Hecla Mining Beat These Analyst Estimates? 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 owns shares of Hecla Mining Company. 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