Globe Specialty Metals
The 10-second takeaway
For the quarter ended March 31 (Q3), Globe Specialty Metals beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share contracted to zero. GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Globe Specialty Metals booked revenue of $195.8 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $186.0 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $173.4 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 $0.00. The eight earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS were -$0.53 for Q3 compared to $0.15 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 7.5%, much worse than the prior-year quarter. Operating margin was 0.7%, much worse than the prior-year quarter. Net margin was -20.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $190.2 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $763.0 million. The average EPS estimate is $0.61.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 119 rating the stock outperform, and six members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Globe Specialty Metals 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 Globe Specialty Metals is hold, with an average price target of $15.63.
Is Globe Specialty Metals the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Globe Specialty Metals to My Watchlist.