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Molycorp, Inc. (MCP) Earnings Preview For Thursday's Release

Molycorp (NYSE:MCP) is due to report earnings after the closing bell on February 23, 2012. Below we can see the results of Molycorp over the last few earnings periods.

Who They Are:  

Molycorp, Inc., a development stage company, focuses on the production and sale of rare earth oxides from stockpiled feedstocks in the western hemisphere. The company was founded in 2008 and is headquartered in Greenwood Village, Colorado. Molycorp Inc trades an average of 3.9 million shares per day and has a marketcap of $2.4 Billion.

52 Week High: $79.16
52 Week Low: $23.05
Float Short: 30.30%

What To Expect:

On average, 6 analysts are expecting a drop of $-0.20 in earnings per share compared to last quarter's results of $0.61. The estimated mean earnings are $0.41 per share .
The lates analyst estimates are coming in between $0.25 and $0.51 per share.

Here is a look at the fiscal year revenue for Molycorp.
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Recent Stock and Valuation Performance:

The P/E ratio has come down, as the current trailing twelve months P/E ratio is 24.4, while the forward P/E ratio is now 10.33. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $35.16 million for 2010 vs. $7.09 million for 2009. The bottom line has falling earnings year-over-year of $-49.09 million for 2010 vs. $-28.59 million for 2009.The company's earnings before interest and taxes are falling with an EBIT year-over-year of $-49.49 million for 2010 vs. $-28.57 million for 2009.
The short interest is relatively high at 30.30%.

Here is the last few quarters to get an idea how well they perform compared to estimates
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Reported earnings per share compared to the mean estimate. Differences are rounded.

Paid2Trade uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner. Seeking Alpha, Edgar Online, Zacks and Yahoo Finance provides most of the data. paid2trade.com uses the confirmed symbols from earnings.com that believed to be of the most interest.

Robert Weinstein Google+

Tags: 
MCP
Molycorp Inc
Earnings Release Date
Molycorp (NYSE:MCP) Earnings Preview with Paid2Trade
Date Of Event: 
Thursday, February 23, 2012
analysts Estimates For Earnings: 
Analyst estimates range between $0.25 and 0.51 per share.