Globe Specialty Metals
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Globe Specialty Metals missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Gross margins shrank, operating margins contracted, net margins increased.
Globe Specialty Metals reported revenue of $179.9 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $193.2 million on the same basis. GAAP reported sales were 8.7% higher than the prior-year quarter's $165.5 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 $0.15. The eight earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.20 for Q2 were 11% higher than the prior-year quarter's $0.18 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 17.6%, 420 basis points worse than the prior-year quarter. Operating margin was 12.5%, 70 basis points worse than the prior-year quarter. Net margin was 8.4%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $196.1 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $789.5 million. The average EPS estimate is $0.66.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 117 members out of 122 rating the stock outperform, and five members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Globe Specialty Metals a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Globe Specialty Metals is hold, with an average price target of $15.42.
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