CF Industries Holdings
The 10-second takeaway
For the quarter ended June 30 (Q2), CF Industries Holdings missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Margins grew across the board.
CF Industries Holdings reported revenue of $1.74 billion. The 12 analysts polled by S&P Capital IQ predicted a top line of $1.92 billion on the same basis. GAAP reported sales were 3.7% lower than the prior-year quarter's $1.80 billion.
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 $8.71. The 14 earnings estimates compiled by S&P Capital IQ forecast $8.66 per share. GAAP EPS of $9.31 for Q2 were 38% higher than the prior-year quarter's $6.75 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 60.1%, 1,200 basis points better than the prior-year quarter. Operating margin was 57.1%, 1,080 basis points better than the prior-year quarter. Net margin was 34.9%, 780 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.39 billion. On the bottom line, the average EPS estimate is $5.23.
Next year's average estimate for revenue is $6.32 billion. The average EPS estimate is $25.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,230 members out of 1,278 rating the stock outperform, and 48 members rating it underperform. Among 244 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 234 give CF Industries Holdings a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CF Industries Holdings is outperform, with an average price target of $210.48.
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