The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CARBO Ceramics beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
CARBO Ceramics chalked up revenue of $153.6 million. The five analysts polled by S&P Capital IQ looked for revenue of $145.9 million on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $158.1 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 $0.89. The nine earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. GAAP EPS of $0.86 for Q4 were 40% lower than the prior-year quarter's $1.43 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 29.7%, 1,130 basis points worse than the prior-year quarter. Operating margin was 19.8%, 1,130 basis points worse than the prior-year quarter. Net margin was 12.9%, 800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $155.2 million. On the bottom line, the average EPS estimate is $0.98.
Next year's average estimate for revenue is $660.1 million. The average EPS estimate is $4.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 418 members out of 445 rating the stock outperform, and 27 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give CARBO Ceramics a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CARBO Ceramics is hold, with an average price target of $77.50.
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