Hecla Mining Co. (NYSE:HL) will unveil its latest earnings on Friday, August 5, 2011. Hecla Mining Company 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 profit of 15 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 13 cents. For the year, analysts are projecting net income of 63 cents per share, a rise of more than twofold from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 15 cents per share against a mean estimate of net income of 12 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.
Wall St. Revenue Expectations: On average, analysts predict $121.1 million in revenue this quarter, a rise of 36.6% from the year ago quarter. Analysts are forecasting total revenue of $541.8 million for the year, a rise of 29.4% from last year’s revenue of $418.8 million.
Analyst Ratings: Analysts are bullish on Hecla Mining as four analysts rate it as a buy, one rates it as a sell and three rate it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 41%, with the biggest boost coming in the most recent quarter when revenue rose 70.7% from the year earlier quarter.
Competitors to Watch: Coeur d’Alene Mines Corp. (NYSE:CDE), Pan American Silver Corp. (NASDAQ:PAAS), Silver Wheaton Corp. (NYSE:SLW), Mines Management, Inc. (AMEX:MGN), Metalline Mining Company (AMEX:MMG), Great Panther Silver Ltd. (AMEX:GPR), Alexco Resource Corp. (AMEX:AXU), Silvercorp Metals Inc. (NYSE:SVM), Mag Silver Corp (AMEX:MVG), and First Majestic Silver Corp. (NYSE:FR).
Stock Price Performance: During July 26, 2011 to August 1, 2011, the stock price had dropped 41 cents (-4.9%) from $8.31 to $7.90. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 6, 2010 when shares rose for seven-straight days, rising 25.1% (+$2.21) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six-straight days, falling 9.8% (-83 cents) over that span. Shares are down $3.36 (-29.8%) year to date.
(Source: Xignite Financials)