The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Core-Mark Holding missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved, and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins grew, and net margins increased.
Core-Mark Holding booked revenue of $2.13 billion. The one analyst polled by S&P Capital IQ predicted net sales of $2.19 billion on the same basis. GAAP reported sales were 53% higher than the prior-year quarter's $1.39 billion.
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 $0.65. The three earnings estimates compiled by S&P Capital IQ forecast $0.56 per share on the same basis. GAAP EPS of $0.45 for Q4 were 463% 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 5.2%, 160 basis points worse than the prior-year quarter. Operating margin was 0.4%, 20 basis points better than the prior-year quarter. Net margin was 0.2%, 10 basis points better than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $9.15 billion. The average EPS estimate is $3.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 104 members rating the stock outperform, and four members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Core-Mark Holding a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Core-Mark Holding is buy, with an average price target of $48.67.
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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.