The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ADA-ES met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share dropped to a loss.
Gross margins shrank, operating margins grew, net margins dropped.
ADA-ES reported revenue of $67.4 million. The three analysts polled by S&P Capital IQ foresaw a top line of $68.2 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $24.6 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 -$0.54. The three earnings estimates compiled by S&P Capital IQ predicted -$0.18 per share. GAAP EPS were -$0.54 for Q4 versus $1.19 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 6.8%, much worse than the prior-year quarter. Operating margin was -8.1%, 930 basis points better than the prior-year quarter. Net margin was -8.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $76.3 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $281.1 million. The average EPS estimate is $3.57.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 23 members out of 29 rating the stock outperform, and six members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give ADA-ES a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ADA-ES is buy, with an average price target of $37.00.
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