Cloud Peak Energy
The 10-second takeaway
For the quarter ended June 30 (Q2), Cloud Peak Energy missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Cloud Peak Energy reported revenue of $343.2 million. The nine analysts polled by S&P Capital IQ looked for a top line of $359.2 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $387.7 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 $0.34. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.55 for Q2 were 65% lower than the prior-year quarter's $1.56 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 22.5%, 330 basis points worse than the prior-year quarter. Operating margin was 17.1%, 220 basis points worse than the prior-year quarter. Net margin was 9.8%, 1,460 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $389.4 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $1.51 billion. The average EPS estimate is $1.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 186 members rating the stock outperform and seven members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Cloud Peak Energy a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cloud Peak Energy is hold, with an average price target of $20.75.
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