The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Innophos Holdings missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted.
Margins dropped across the board.
Innophos Holdings notched revenue of $211.2 million. The four analysts polled by S&P Capital IQ anticipated sales of $215.5 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $202.1 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 $0.74. The five earnings estimates compiled by S&P Capital IQ forecast $0.73 per share. GAAP EPS of $0.74 for Q3 were 12% lower than the prior-year quarter's $0.84 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 20.3%, 420 basis points worse than the prior-year quarter. Operating margin was 11.6%, 490 basis points worse than the prior-year quarter. Net margin was 7.9%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $218.7 million. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $877.4 million. The average EPS estimate is $3.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 813 members out of 837 rating the stock outperform, and 24 members rating it underperform. Among 255 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 249 give Innophos Holdings 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 Innophos Holdings is outperform, with an average price target of $59.25.
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