The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CARBO Ceramics beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
CARBO Ceramics chalked up revenue of $153.6 million. The five analysts polled by S&P Capital IQ looked for revenue of $145.9 million on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $158.1 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 $0.89. The nine earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. GAAP EPS of $0.86 for Q4 were 40% lower than the prior-year quarter's $1.43 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 29.7%, 1,130 basis points worse than the prior-year quarter. Operating margin was 19.8%, 1,130 basis points worse than the prior-year quarter. Net margin was 12.9%, 800 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $155.2 million. On the bottom line, the average EPS estimate is $0.98.
Next year's average estimate for revenue is $660.1 million. The average EPS estimate is $4.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 418 members out of 445 rating the stock outperform, and 27 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give CARBO Ceramics 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 CARBO Ceramics is hold, with an average price target of $77.50.
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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 CARBO Ceramics. 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.