Globe Specialty Metals
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Globe Specialty Metals met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Globe Specialty Metals booked revenue of $200.7 million. The six analysts polled by S&P Capital IQ expected to see revenue of $200.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $174.9 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 $0.16. The six earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS were -$0.08 for Q1 against $0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.0%, 1,100 basis points worse than the prior-year quarter. Operating margin was -2.8%, 2,130 basis points worse than the prior-year quarter. Net margin was -2.8%, 1,460 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.0 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $827.1 million. The average EPS estimate is $0.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 116 members out of 122 rating the stock outperform, and six members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Globe Specialty Metals 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 Globe Specialty Metals is outperform, with an average price target of $15.90.
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