The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Heckmann missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share dropped.
Gross margins dropped, operating margins dropped, net margins increased.
Heckmann recorded revenue of $93.1 million. The eight analysts polled by S&P Capital IQ predicted a top line of $95.1 million on the same basis. GAAP reported sales were 95% higher than the prior-year quarter's $47.8 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 -$0.06. The eight earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share. GAAP EPS were -$0.06 for Q3 against -$0.18 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 17.6%, 750 basis points worse than the prior-year quarter. Operating margin was 0.6%, 500 basis points worse than the prior-year quarter. Net margin was -10.0%, 3,410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $106.1 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $347.0 million. The average EPS estimate is $0.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 501 members out of 518 rating the stock outperform, and 17 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Heckmann a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heckmann is hold, with an average price target of $5.63.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Heckmann and has the following options: long JAN 2014 $4.00 calls on Heckmann. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.