What to Expect From Hecla Mining's Earnings Report Tuesday

Aug. 5.11 | About: Hecla Mining (HL)

Hecla Mining Company (NYSE:HL) is a $2.25 billion market cap company that trades an average of 7.75 million shares per day. Hecla Mining Company was founded in 1891 and is based in Idaho.

  • Time Released: Before open
  • Industry: gold & silver
  • Recent Price: $7.46
  • 52 Week High: $11.56
  • 52 Week Low: $4.75
  • Book Value: $3.62

Next quarter, estimated mean earnings are $0.15 per share. Analyst estimates range between $0.11 and $0.19 per share.

The P/E ratio has trended lower, as the current trailing twelve months (ttm) P/E ratio is 35.57, while the forward P/E ratio is now 10.38.

For the same fiscal period year-over-year, revenue has improved from $418.81 million for 2010 vs. $312.55 million for 2009. The bottom line has falling earnings year-over-year of $35.35 million for 2010 vs. $54.19 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $-51.56 million for 2010 vs. $75.27 million for 2009.

Helca came under pressure yesterday as did most of the market. The stock has had a great run in the last year and appears to have found support in this area. I am concerned that some of the selling pressure could be those in the know selling before the earnings release, but with the overall market down about 4%, metals down, there is no way to get a feel for it. There is currently a small spread with the front month $7 puts for those that would like to protect against a bad release.

The annual growth rate of revenue is 34%.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 118.57M $ 136.36M $ 17.79M 15%
Dec-10 $ 93.21M $ 134.46M $ 41.25M 44.25%
Sep-10 $ 76.82M $ 115.85M $ 39.03M 50.81%
Jun-10 $ 81.69M $ 88.63M $ 6.94M 8.5%
Mar-10 $ 79.74M $ 79.88M $ 0.14M 0.18%
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M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.13 0.15 0.02 15.38%
Dec-10 0.12 0.10 -0.02 -16.67%
Sep-10 0.06 0.11 0.05 83.33%
Jun-10 0.04 0.04 0 0.00%
Mar-10 0.03 0.07 0.04 133.33%
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(Some onetime items are often excluded in reported EPS)

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources. Not everyone puts companies into the same sector. I use Reuters as my primary guide to keep it consistent.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.