Noranda Aluminum Holding
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Noranda Aluminum Holding missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Noranda Aluminum Holding recorded revenue of $338.5 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $350.1 million on the same basis. GAAP reported sales were 1.7% lower than the prior-year quarter's $344.3 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 $0.01. The eight earnings estimates compiled by S&P Capital IQ predicted $0.05 per share on the same basis. GAAP EPS of $0.36 for Q4 were 39% lower than the prior-year quarter's $0.59 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 7.6%, 1,010 basis points worse than the prior-year quarter. Operating margin was 1.2%, 910 basis points worse than the prior-year quarter. Net margin was 7.2%, 290 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $354.0 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is $0.97.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 34 members out of 35 rating the stock outperform, and one members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Noranda Aluminum Holding a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noranda Aluminum Holding is outperform, with an average price target of $12.69.
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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. 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.