Cloud Peak Energy
The 10-second takeaway
For the quarter ended March 31 (Q1), Cloud Peak Energy missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Cloud Peak Energy tallied revenue of $338.1 million. The six analysts polled by S&P Capital IQ predicted a top line of $348.2 million on the same basis. GAAP reported sales were 9.3% lower than the prior-year quarter's $372.9 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 $0.11. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. Non-GAAP EPS of $0.11 for Q1 were 77% lower than the prior-year quarter's $0.47 per share. GAAP EPS of $0.25 for Q1 were 43% lower 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 18.3%, 580 basis points worse than the prior-year quarter. Operating margin was 10.2%, 300 basis points worse than the prior-year quarter. Net margin was 4.6%, 250 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $370.1 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $0.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 185 members out of 191 rating the stock outperform, and six members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Cloud Peak Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cloud Peak Energy is outperform, with an average price target of $20.86.
Is Cloud Peak Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Cloud Peak Energy to My Watchlist.