Hecla Mining Co. Fourth Quarter Earnings Sneak Peek

The Cheat Sheet

Hecla Mining Co. will unveil its latest earnings on Tuesday, February 21, 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 analyst estimate is for net income of 7 cents per share, a decline of 30% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 10 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 8 cents during the last month. Analysts are projecting profit to rise by 45.2% versus last year to 45 cents.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of 12 cents per share against an estimate of net income of 14 cents per share. The quarter before that, it missed forecasts by 4 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 26.5% in revenue from the year-earlier quarter to $98.8 million.

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

A Look Back: In the third quarter, profit rose more than twofold to $55.9 million (19 cents a share) from $19.8 million (6 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 4.1% to $120.5 million from $115.8 million.

Key Stats:

For four quarters in a row, revenue has increased. Revenue rose 33% in the second quarter from the year earlier, climbed 70.7% in the first quarter from the year-ago quarter and 52.7% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price fell $1.14 (-18.9%), from $6.02 to $4.88. 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 17.5% (+93 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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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