Chemical & Mining Co. of Chile
The 10-second takeaway
For the quarter ended June 30 (Q2), Chemical & Mining Co. of Chile beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
Chemical & Mining Co. of Chile reported revenue of $683.3 million. The two analysts polled by S&P Capital IQ predicted sales of $610.2 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $551.7 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 $0.73. The two earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS of $0.73 for Q2 were 46% higher than the prior-year quarter's $0.50 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 43.3%, 530 basis points better than the prior-year quarter. Operating margin was 39.5%, 650 basis points better than the prior-year quarter. Net margin was 28.1%, 410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $702.6 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is $2.67.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,438 members out of 1,466 rating the stock outperform, and 28 members rating it underperform. Among 261 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 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 $60.79.
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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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Sociedad Quimica y Minera (ADR). 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.