Compass Minerals International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Compass Minerals International missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Compass Minerals International chalked up revenue of $306.1 million. The three analysts polled by S&P Capital IQ expected a top line of $324.4 million. GAAP sales were 14% lower than the prior-year quarter's $356.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.65. The eight earnings estimates compiled by S&P Capital IQ anticipated $1.67 per share on the same basis. GAAP EPS of $1.31 for Q4 were 27% lower than the prior-year quarter's $1.80 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 28.4%, 160 basis points worse than the prior-year quarter. Operating margin was 19.6%, 390 basis points worse than the prior-year quarter. Net margin was 14.3%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $387.4 million. On the bottom line, the average EPS estimate is $1.87.
Next year's average estimate for revenue is $1.17 billion. The average EPS estimate is $5.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 739 members rating the stock outperform and 26 members rating it underperform. Among 193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 187 give Compass Minerals International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compass Minerals International is hold, with an average price target of $82.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Compass Minerals International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.