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Published on 9 Aug 2022 on Zacks via Yahoo Finance

Hecla Mining (HL) Q2 Earnings Beat Estimates, Revenues Lag


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Hecla Mining’s HL second-quarter 2022 adjusted earnings per share of 4 cents beating the Zacks Consensus Estimate of 2 cents by a margin of 100%. The company reported earnings of 6 cents per share in the second quarter of 2021. Earnings were impacted by lower realized prices for all metals.Including one-time items, HL reported a loss of 3 cents per share against earnings of 1 cent per share in the last-year quarter.The company’s revenues declined 12% year over year to $191 million in the quarter under review. The top-line figure lagged the Zacks Consensus Estimate of $194 million.Total cost of sales dipped 1.3% year on year to $154 million in the quarter. Gross profit plunged 40% to $37.3 million. Gross margin in the second quarter of 2022 was 19.5%, an 890 basis point contraction from the year-ago quarter. Adjusted EBITDA was $70.5 million, down from $84.5 million in the second quarter of 2021.

Hecla Mining Company Price, Consensus and EPS Surprise

Hecla Mining Company Price, Consensus and EPS SurpriseHecla Mining Company Price, Consensus and EPS Surprise

NYSE.ASH price evolution
NYSE.CBT price evolution
NYSE.HL price evolution

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