Arabian American Development
The 10-second takeaway
For the quarter ended March 31 (Q1), Arabian American Development beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share was unchanged. GAAP earnings per share expanded significantly.
Gross margins increased, operating margins contracted, net margins expanded.
Arabian American Development logged revenue of $52.7 million. The two analysts polled by S&P Capital IQ predicted a top line of $49.9 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $56.8 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 $0.09. The one earnings estimate compiled by S&P Capital IQ predicted $0.08 per share. Non-GAAP EPS of $0.09 were the same as the prior-year quarter. GAAP EPS of $0.19 for Q1 were 138% higher than the prior-year quarter's $0.08 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 12.7%, 90 basis points better than the prior-year quarter. Operating margin was 5.8%, 60 basis points worse than the prior-year quarter. Net margin was 9.1%, 560 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $61.8 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $244.9 million. The average EPS estimate is $0.59.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Arabian American Development is buy, with an average price target of $12.00.
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