Compass Minerals International
The 10-second takeaway
For the quarter ended March 31 (Q1), Compass Minerals International missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Compass Minerals International reported revenue of $315.3 million. The four analysts polled by S&P Capital IQ anticipated revenue of $326.7 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $390.6 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 $1.48. The seven earnings estimates compiled by S&P Capital IQ anticipated $1.57 per share. GAAP EPS of $1.19 for Q1 were 30% lower than the prior-year quarter's $1.69 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 24.4%, 310 basis points worse than the prior-year quarter. Operating margin was 17.6%, 410 basis points worse than the prior-year quarter. Net margin was 12.7%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $185.6 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $4.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 753 members out of 781 rating the stock outperform, and 28 members rating it underperform. Among 170 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Compass Minerals International a green thumbs-up, and eight 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 $77.00.
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