The 10-second takeaway
For the quarter ended March 31 (Q1), Intrepid Potash beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Intrepid Potash tallied revenue of $112.2 million. The five analysts polled by S&P Capital IQ predicted a top line of $110.0 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $93.7 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 $0.28. The eight earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. GAAP EPS of $0.27 for Q1 were 29% lower than the prior-year quarter's $0.38 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 40.4%, 360 basis points worse than the prior-year quarter. Operating margin was 32.1%, 430 basis points worse than the prior-year quarter. Net margin was 20.2%, 1,000 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $132.8 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $500.3 million. The average EPS estimate is $1.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is hold, with an average price target of $27.05.
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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.