The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Chart Industries missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded.
Margins contracted across the board.
Chart Industries logged revenue of $254.2 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $260.8 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $211.3 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 $0.66. The nine earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.61 for Q3 were 3.4% higher than the prior-year quarter's $0.59 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 30.7%, 120 basis points worse than the prior-year quarter. Operating margin was 12.6%, 170 basis points worse than the prior-year quarter. Net margin was 7.3%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $280.4 million. On the bottom line, the average EPS estimate is $0.89.
Next year's average estimate for revenue is $996.9 million. The average EPS estimate is $2.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 382 members out of 395 rating the stock outperform, and 13 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Chart Industries a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chart Industries is outperform, with an average price target of $81.43.
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