The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Huntsman missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share increased.
Margins grew across the board.
Huntsman reported revenue of $2.74 billion. The eight analysts polled by S&P Capital IQ expected revenue of $2.90 billion on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $2.98 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 $0.70. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.51 per share. GAAP EPS were $0.48 for Q3 versus -$0.15 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.6%, 310 basis points better than the prior-year quarter. Operating margin was 10.3%, 250 basis points better than the prior-year quarter. Net margin was 4.2%, 530 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.72 billion. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $11.44 billion. The average EPS estimate is $2.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 636 members out of 665 rating the stock outperform, and 29 members rating it underperform. Among 191 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Huntsman a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Huntsman is outperform, with an average price target of $15.67.
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