Chemical & Mining Co. of Chile
The 10-second takeaway
For the quarter ended March 31 (Q1), Chemical & Mining Co. of Chile missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins grew across the board.
Chemical & Mining Co. of Chile reported revenue of $529.6 million. The two analysts polled by S&P Capital IQ expected a top line of $565.4 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $480.0 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 $0.57. The three earnings estimates compiled by S&P Capital IQ averaged $0.58 per share. GAAP EPS of $0.57 for Q1 were 36% higher than the prior-year quarter's $0.42 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 53.5%, 1,440 basis points better than the prior-year quarter. Operating margin was 40.3%, 800 basis points better than the prior-year quarter. Net margin was 28.3%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $611.2 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $2.47 billion. The average EPS estimate is $2.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,442 members out of 1,470 rating the stock outperform, and 28 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 248 give Chemical & Mining Co. of Chile 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 Chemical & Mining Co. of Chile is outperform, with an average price target of $60.61.
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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. Motley Fool newsletter services have recommended buying shares of Chemical & Mining of Chile. 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.