Intrepid Potash (NYSE: IPI) 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 Intrepid Potash's revenues will increase 4.5% and EPS will expand 12.9%.
The average estimate for revenue is $119.1 million. On the bottom line, the average EPS estimate is $0.35.
Revenue details
Last quarter, Intrepid Potash logged revenue of $98.8 million. GAAP reported sales were 16% lower than the prior-year quarter's $108.9 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, EPS came in at $0.25. GAAP EPS of $0.25 for Q2 were 39% lower than the prior-year quarter's $0.41 per share.
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 43.9%, 670 basis points worse than the prior-year quarter. Operating margin was 34.0%, 1,260 basis points worse than the prior-year quarter. Net margin was 20.9%, 730 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $443.7 million. The average EPS estimate is $1.20.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is outperform, with an average price target of $25.00.
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