LSB Industries (NYSE: LXU ) reported earnings on May 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), LSB Industries missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
LSB Industries booked revenue of $150.7 million. The four analysts polled by S&P Capital IQ expected revenue of $161.9 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $190.2 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 -$0.02. The three earnings estimates compiled by S&P Capital IQ averaged $0.19 per share. GAAP EPS were -$0.02 for Q1 compared to $0.61 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 16.9%, 650 basis points worse than the prior-year quarter. Operating margin was -0.2%, much worse than the prior-year quarter. Net margin was 0.0%, 750 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $216.3 million. On the bottom line, the average EPS estimate is $1.04.
Next year's average estimate for revenue is $792.6 million. The average EPS estimate is $3.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 568 members out of 586 rating the stock outperform, and 18 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give LSB Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LSB Industries is buy, with an average price target of $49.00.
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