The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Horsehead Holding met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share dropped.
Gross margins dropped, operating margins dropped, net margins grew.
Horsehead Holding notched revenue of $106.4 million. The five analysts polled by S&P Capital IQ expected to see a top line of $106.8 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $100.3 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 -$0.25. The five earnings estimates compiled by S&P Capital IQ forecast -$0.05 per share. GAAP EPS were -$0.25 for Q4 versus -$0.29 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 -6.2%, 330 basis points worse than the prior-year quarter. Operating margin was -17.9%, 280 basis points worse than the prior-year quarter. Net margin was -10.5%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $114.6 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $481.9 million. The average EPS estimate is $0.31.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 730 members out of 747 rating the stock outperform, and 17 members rating it underperform. Among 244 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 give Horsehead Holding a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Horsehead Holding is buy, with an average price target of $13.60.
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