Compass Minerals International
The 10-second takeaway
For the quarter ended June 30 (Q2), Compass Minerals International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Compass Minerals International logged revenue of $178.5 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $179.2 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $179.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.31. The seven earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.28 for Q2 were 33% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.6%, 300 basis points worse than the prior-year quarter. Operating margin was 8.7%, 360 basis points worse than the prior-year quarter. Net margin was 5.3%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $208.0 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $3.82.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 754 members out of 781 rating the stock outperform, and 27 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give Compass Minerals International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compass Minerals International is hold, with an average price target of $79.86.
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