The 10-second takeaway
For the quarter ended March 31 (Q1), Chart Industries missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins contracted across the board.
Chart Industries reported revenue of $273.6 million. The 10 analysts polled by S&P Capital IQ hoped for net sales of $285.7 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $216.1 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 $0.54. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.67 per share. Non-GAAP EPS of $0.54 for Q1 were 13% higher than the prior-year quarter's $0.48 per share. GAAP EPS of $0.51 for Q1 were 8.5% higher than the prior-year quarter's $0.47 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 29.0%, 230 basis points worse than the prior-year quarter. Operating margin was 10.0%, 110 basis points worse than the prior-year quarter. Net margin was 5.7%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $301.6 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $3.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 386 members out of 399 rating the stock outperform, and 13 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Chart Industries 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 Chart Industries is outperform, with an average price target of $82.69.
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