The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Innophos Holdings missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Innophos Holdings tallied revenue of $208.8 million. The four analysts polled by S&P Capital IQ expected revenue of $217.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.62. The five earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. GAAP EPS of $0.60 for Q4 were 35% lower than the prior-year quarter's $0.93 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 17.4%, 800 basis points worse than the prior-year quarter. Operating margin was 10.1%, 620 basis points worse than the prior-year quarter. Net margin was 6.4%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $238.8 million. On the bottom line, the average EPS estimate is $0.90.
Next year's average estimate for revenue is $932.6 million. The average EPS estimate is $3.79.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 799 members out of 822 rating the stock outperform, and 23 members rating it underperform. Among 266 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 261 give Innophos Holdings a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Innophos Holdings is outperform, with an average price target of $58.75.
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