The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Koppers Holdings missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Koppers Holdings logged revenue of $387.9 million. The four analysts polled by S&P Capital IQ hoped for sales of $406.6 million on the same basis. GAAP reported sales were 3.3% lower than the prior-year quarter's $401.0 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 $0.82. The six earnings estimates compiled by S&P Capital IQ forecast $1.03 per share. GAAP EPS of $0.77 for Q3 were 29% lower than the prior-year quarter's $1.08 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 14.6%, 210 basis points worse than the prior-year quarter. Operating margin was 7.9%, 210 basis points worse than the prior-year quarter. Net margin was 4.1%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $380.3 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $1.58 billion. The average EPS estimate is $3.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 167 members out of 177 rating the stock outperform, and 10 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Koppers Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Koppers Holdings is buy, with an average price target of $48.00.
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