Kraton Performance Polymers
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kraton Performance Polymers beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP loss per share dropped. GAAP loss per share grew.
Gross margins increased, operating margins expanded, net margins dropped.
Kraton Performance Polymers reported revenue of $296.4 million. The nine analysts polled by S&P Capital IQ looked for sales of $289.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.21. The nine earnings estimates compiled by S&P Capital IQ forecast $0.11 per share. Non-GAAP EPS were -$0.21 for Q4 compared to -$0.66 per share for the prior-year quarter. GAAP EPS were -$0.92 for Q4 versus -$0.66 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 13.4%, 700 basis points better than the prior-year quarter. Operating margin was -2.5%, 470 basis points better than the prior-year quarter. Net margin was -9.9%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $384.8 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $2.40.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 51 members out of 56 rating the stock outperform, and five members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Kraton Performance Polymers 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 Kraton Performance Polymers is outperform, with an average price target of $27.60.
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