Calumet Specialty Products Partners (Nasdaq: CLMT) is expected to report Q3 earnings on Oct. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Calumet Specialty Products Partners's revenues will expand 21.0% and EPS will wither -35.4%.
The average estimate for revenue is $941.3 million. On the bottom line, the average EPS estimate is $0.64.
Revenue details
Last quarter, Calumet Specialty Products Partners booked revenue of $1.09 billion. GAAP reported sales were 48% higher than the prior-year quarter's $733.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $1.42. GAAP EPS were $1.14 for Q2 against -$0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 11.8%, 490 basis points better than the prior-year quarter. Operating margin was 11.6%, 1,020 basis points better than the prior-year quarter. Net margin was 6.0%, 700 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $4.13 billion. The average EPS estimate is $3.23.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 432 members out of 460 rating the stock outperform, and 28 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 give Calumet Specialty Products Partners a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Calumet Specialty Products Partners is hold, with an average price target of $23.67.
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