Calumet Specialty Products Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Calumet Specialty Products Partners beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
Calumet Specialty Products Partners recorded revenue of $1.22 billion. The three analysts polled by S&P Capital IQ wanted to see net sales of $1.05 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $1.02 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 $0.60. The six earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.73 for Q4 were 43% higher than the prior-year quarter's $0.51 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 11.6%, 370 basis points better than the prior-year quarter. Operating margin was 6.0%, 160 basis points better than the prior-year quarter. Net margin was 3.7%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $4.66 billion. The average EPS estimate is $3.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 459 members out of 487 rating the stock outperform, and 28 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 145 give Calumet Specialty Products Partners a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Calumet Specialty Products Partners is outperform, with an average price target of $32.75.
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