CARBO Ceramics
The 10-second takeaway
For the quarter ended March 31 (Q1), CARBO Ceramics missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank significantly.
Margins contracted across the board.
Revenue details
CARBO Ceramics recorded revenue of $147.7 million. The six analysts polled by S&P Capital IQ expected a top line of $153.4 million on the same basis. GAAP reported sales were 9.5% lower than the prior-year quarter's $163.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.76. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.90 per share. GAAP EPS of $0.76 for Q1 were 42% lower than the prior-year quarter's $1.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 28.7%, much worse than the prior-year quarter. Operating margin was 17.2%, much worse than the prior-year quarter. Net margin was 11.9%, 670 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $157.3 million. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $652.7 million. The average EPS estimate is $4.15.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 414 members out of 440 rating the stock outperform, and 26 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 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 outperform, with an average price target of $96.88.
Is CARBO Ceramics the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add CARBO Ceramics to My Watchlist.