Core-Mark Holding (Nasdaq: CORE ) reported earnings on March 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Core-Mark Holding missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Gross margins contracted, operating margins dropped, net margins were steady.
Core-Mark Holding reported revenue of $2.19 billion. The five analysts polled by S&P Capital IQ anticipated revenue of $2.25 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $1.63 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 $0.83. The five earnings estimates compiled by S&P Capital IQ averaged $0.82 per share. Non-GAAP EPS of $0.83 for Q4 were 28% higher than the prior-year quarter's $0.65 per share. GAAP EPS of $0.82 for Q4 were 86% higher than the prior-year quarter's $0.44 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 3.3%, 340 basis points worse than the prior-year quarter. Operating margin was 0.4%, 30 basis points worse than the prior-year quarter. Net margin was 0.3%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.30 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $9.86 billion. The average EPS estimate is $3.89.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 107 rating the stock outperform, and four members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 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 $57.40.
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