The 10-second takeaway
For the quarter ended March 31 (Q1), Huntsman beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins increased across the board.
Huntsman reported revenue of $2.91 billion. The eight analysts polled by S&P Capital IQ foresaw revenue of $2.81 billion on the same basis. GAAP reported sales were 8.7% higher than the prior-year quarter's $2.68 billion.
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 $0.74. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.39 per share. GAAP EPS of $0.66 for Q1 were 154% higher than the prior-year quarter's $0.26 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 18.9%, 170 basis points better than the prior-year quarter. Operating margin was 9.8%, 350 basis points better than the prior-year quarter. Net margin was 5.6%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.04 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $11.74 billion. The average EPS estimate is $1.80.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 635 members out of 663 rating the stock outperform, and 28 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give Huntsman a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Huntsman is outperform, with an average price target of $16.11.
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