The 10-second takeaway
For the quarter ended March 31 (Q1), ADA-ES missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share dropped.
Gross margins dropped, operating margins grew, net margins expanded.
ADA-ES reported revenue of $68.3 million. The two analysts polled by S&P Capital IQ expected to see revenue of $71.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $18.2 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 -$0.22. The three earnings estimates compiled by S&P Capital IQ forecast -$0.20 per share. GAAP EPS were -$0.22 for Q1 against -$0.24 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 14.3%, 760 basis points worse than the prior-year quarter. Operating margin was 0.4%, 720 basis points better than the prior-year quarter. Net margin was -3.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $62.8 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $265.7 million. The average EPS estimate is $1.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 23 members out of 29 rating the stock outperform, and six members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give ADA-ES 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 ADA-ES is buy, with an average price target of $33.00.
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