Hecla Mining Co. First Quarter Earnings Sneak Peek

Hecla Mining Co. (NYSE:HL) will unveil its latest earnings on Tuesday, May 8, 2012. Hecla Mining is engaged in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc.

Hecla Mining Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 6 cents per share, a decline of 60% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has risen from 5 cents during the last month. Analysts are projecting profit to rise by 31.8% versus last year to 30 cents.

Past Earnings Performance: The company showed profit of 6 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: Analysts predict a decline of 37.6% in revenue from the year-earlier quarter to $85.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Hecla Mining with seven of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $18.6 million (6 cents a share) from a loss of $9.7 million (5 cents) a year earlier, but missed analyst estimates. Revenue fell 23.5% to $102.9 million from $134.5 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 70.7% in the first quarter of the last fiscal year, 33% in the second quarter of the last fiscal year and 4.1%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price fell $1.22 (-22.8%), from $5.35 to $4.13. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 1, 2011, when shares rose for five straight days, increasing 17.4% (+92 cents) over that span. It saw one of its worst periods between February 3, 2012 and February 15, 2012 when shares fell for nine straight days, dropping 9.6% (-52 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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