The 10-second takeaway
For the quarter ended March 31 (Q1), Innophos Holdings missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Innophos Holdings booked revenue of $214.4 million. The three analysts polled by S&P Capital IQ hoped for net sales of $230.2 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $228.3 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 $0.60. The five earnings estimates compiled by S&P Capital IQ averaged $0.78 per share. Non-GAAP EPS of $0.60 for Q1 were 33% lower than the prior-year quarter's $0.90 per share. GAAP EPS of $0.55 for Q1 were 55% lower than the prior-year quarter's $1.22 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 17.3%, 720 basis points worse than the prior-year quarter. Operating margin was 8.4%, 830 basis points worse than the prior-year quarter. Net margin was 5.8%, 630 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $235.0 million. On the bottom line, the average EPS estimate is $0.96.
Next year's average estimate for revenue is $927.3 million. The average EPS estimate is $3.67.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 792 members out of 815 rating the stock outperform, and 23 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 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 $58.25.
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