The 10-second takeaway
For the quarter ended March 31 (Q1), Horsehead Holding met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew.
Margins grew across the board.
Horsehead Holding logged revenue of $118.3 million. The five analysts polled by S&P Capital IQ foresaw revenue of $117.3 million on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $111.4 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 $0.06. The five earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were $0.06 for Q1 compared to -$0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.4%, much better than the prior-year quarter. Operating margin was 4.5%, much better than the prior-year quarter. Net margin was 2.4%, 1,000 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $118.6 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $473.2 million. The average EPS estimate is -$0.01.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 725 members out of 743 rating the stock outperform, and 18 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 211 give Horsehead Holding 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 Horsehead Holding is buy, with an average price target of $13.83.
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