Stillwater Mining Earnings: Here’s Why Shares are Up Now

Stillwater Mining Co. (NYSE:SWC) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.68%.

Stillwater Mining Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 25.25% to $266.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stillwater Mining Co. reported adjusted EPS loss of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.05. It beat the average revenue estimate of $243.7 million.

Quoting Management: Commenting on the Company’s 2013 second quarter results, Terry Ackerman, the Company’s interim Chief Executive Officer, stated, “Operational performance continued to be strong through the second quarter as our teams built on their history of consistent execution. Mined production results were once again ahead of plan and our recycling facilities processed a record number of PGM ounces, topping the previous record that was set just last quarter. Progress continues on the growth projects at our Montana operations with the Blitz, Graham Creek and Lower Far West projects all moving forward on plan. Outside of Montana, a detailed engineering and feasibility study on the Marathon project in Canada is in process and is expected to be completed during the fourth quarter of this year. A limited drilling program at the Altar project in Argentina for the 2012/2013 drilling season was completed in April and analysis of the core is now underway. An updated report on the Altar project should be published before year end.”

Key Stats (on next page)…

Revenue increased 6.32% from $250.65 million in the previous quarter. EPS decreased to $-0.04 in the quarter versus EPS of $0.12 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.06 to a profit $0.04. For the current year, the average estimate has moved down from a profit of $0.4 to a profit of $0.36 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)