Horsehead Holding (Nasdaq: ZINC ) is expected to report Q1 earnings on May 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Horsehead Holding's revenues will expand 5.3% and EPS will turn positive
The average estimate for revenue is $117.3 million. On the bottom line, the average EPS estimate is $0.02.
Last quarter, Horsehead Holding reported revenue of $106.4 million. 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.
Last quarter, EPS came in at -$0.25. GAAP EPS were -$0.25 for Q4 against -$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 preceding quarter, gross margin was 8.8%, 940 basis points better than the prior-year quarter. Operating margin was -1.4%, much better than the prior-year quarter. Net margin was -10.5%, 220 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $473.2 million. The average EPS estimate is -$0.01.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 725 members out of 743 rating the stock outperform, and 18 members rating it underperform. Among 211 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 209 give Horsehead Holding a green thumbs-up, and two 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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