Compass Minerals International
The 10-second takeaway
For the quarter ended March 31 (Q1), Compass Minerals International beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share expanded significantly.
Margins shrank across the board.
Compass Minerals International reported revenue of $383.7 million. The six analysts polled by S&P Capital IQ predicted net sales of $350.4 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $315.3 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 $1.38. The nine earnings estimates compiled by S&P Capital IQ averaged $1.14 per share. GAAP EPS of $1.38 for Q1 were 16% higher than the prior-year quarter's $1.19 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 23.8%, 250 basis points worse than the prior-year quarter. Operating margin was 17.6%, 190 basis points worse than the prior-year quarter. Net margin was 12.1%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $186.2 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $3.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 762 members out of 789 rating the stock outperform, and 27 members rating it underperform. Among 168 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give Compass Minerals International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compass Minerals International is hold, with an average price target of $72.71.
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