Published on 9 Aug 2022 on Zacks via Yahoo Finance
Hecla Mining (HL) Q2 Earnings Beat Estimates, Revenues Lag
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
