Core-Mark Holding
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Core-Mark Holding missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.
Margins dropped across the board.
Revenue details
Core-Mark Holding tallied revenue of $2.31 billion. The five analysts polled by S&P Capital IQ anticipated revenue of $2.42 billion on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $1.69 billion.
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 $1.01. The four earnings estimates compiled by S&P Capital IQ predicted $1.22 per share. GAAP EPS of $0.90 for Q3 were 13% lower than the prior-year quarter's $1.03 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 5.3%, 190 basis points worse than the prior-year quarter. Operating margin was 0.7%, 50 basis points worse than the prior-year quarter. Net margin was 0.5%, 20 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.28 billion. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $9.08 billion. The average EPS estimate is $3.43.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 108 members out of 114 rating the stock outperform, and six members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Core-Mark Holding a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Core-Mark Holding is buy, with an average price target of $56.00.
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