The 10-second takeaway
For the quarter ended March 31 (Q1), CARBO Ceramics beat slightly on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue expanded and GAAP earnings per share increased.
Margins dropped across the board.
CARBO Ceramics notched revenue of $163.2 million. The five analysts polled by S&P Capital IQ expected revenue of $160.5 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $150.8 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 $1.31. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.41 per share. GAAP EPS of $1.31 for Q1 were 0.8% higher than the prior-year quarter's $1.30 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 38.9%, 220 basis points worse than the prior-year quarter. Operating margin was 28.7%, 300 basis points worse than the prior-year quarter. Net margin was 18.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $168.8 million. On the bottom line, the average EPS estimate is $1.48.
Next year's average estimate for revenue is $713.1 million. The average EPS estimate is $6.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 413 members out of 442 rating the stock outperform, and 29 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give CARBO Ceramics 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 CARBO Ceramics is outperform, with an average price target of $146.44.
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