The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Heckmann missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share.
Margins contracted across the board.
Heckmann tallied revenue of $51.7 million. The six analysts polled by S&P Capital IQ expected a top line of $54.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $8.7 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 -$0.04. The five earnings estimates compiled by S&P Capital IQ averaged $0.02 per share on the same basis. GAAP EPS were -$0.02 for Q4 versus $0.00 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 13.2%, 1,580 basis points worse than the prior-year quarter. Operating margin was -19.4%, 320 basis points worse than the prior-year quarter. Net margin was -4.8%, 800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $58.2 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $253.3 million. The average EPS estimate is $0.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 340 members out of 351 rating the stock outperform, and 11 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Heckmann a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heckmann is outperform, with an average price target of $7.00.
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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 Heckmann. 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.