U.S. Silica Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), U.S. Silica Holdings beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share shrank. GAAP earnings per share shrank.
Margins shrank across the board.
U.S. Silica Holdings logged revenue of $122.3 million. The eight analysts polled by S&P Capital IQ predicted sales of $119.9 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $102.6 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 $0.35. The nine earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. Non-GAAP EPS of $0.35 for Q1 were 7.9% lower than the prior-year quarter's $0.38 per share. GAAP EPS of $0.32 for Q1 were 14% lower than the prior-year quarter's $0.37 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 39.2%, 530 basis points worse than the prior-year quarter. Operating margin was 22.3%, 670 basis points worse than the prior-year quarter. Net margin was 14.1%, 450 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $135.9 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $532.7 million. The average EPS estimate is $1.68.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 92 members out of 95 rating the stock outperform, and three members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give U.S. Silica Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on U.S. Silica Holdings is outperform, with an average price target of $25.43.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of U S SILICA HLDGS INC COM USD0.01. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.