Heckmann (NYSE: HEK ) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Heckmann missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased.
Gross margins contracted, operating margins contracted, and net margins expanded.
Revenue details
Heckmann logged revenue of $90.8 million. The eight analysts polled by S&P Capital IQ foresaw sales of $98.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $39.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.07. The seven earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS of $0.07 for Q2 were much higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 16.6%, 920 basis points worse than the prior-year quarter. Operating margin was 1.7%, 190 basis points worse than the prior-year quarter. Net margin was 11.8%, 1,130 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $100.1 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $348.8 million. The average EPS estimate is $0.06.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 468 members out of 484 rating the stock outperform, and 16 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Heckmann a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heckmann is hold, with an average price target of $5.31.
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Report this Comment On August 14, 2012, at 5:06 PM, pmcdermo wrote:
dec 2011 June 12
cash 80.2 5.1
securities 5.2 -
LT debt 132.1 265.7
income from operations .1 1.4
income tax benifit ( .1) 20.1
goodwill 90.0 285.2
interest (.9) (6.8)
Since the TFI purchase, cash is down, debt is up and income is a one time tax benefit.. Add'ly the 9.8% bonds ( in this low interest rate envnment) are held by "qualified institutional buyers that have not been disclosed." (Alyssa Ekroth, HEK Investor Relations)
Who will own HEK when all the cash is gone?
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