CF Industries Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), CF Industries Holdings missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share was unchanged. GAAP earnings per share grew significantly.
Margins increased across the board.
CF Industries Holdings reported revenue of $1.34 billion. The 10 analysts polled by S&P Capital IQ wanted to see a top line of $1.44 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $1.53 billion.
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 $6.03. The 17 earnings estimates compiled by S&P Capital IQ averaged $5.92 per share. Non-GAAP EPS of $6.03 for Q1 were 0.5% lower than the prior-year quarter's $6.06 per share. GAAP EPS of $6.47 for Q1 were 17% higher than the prior-year quarter's $5.54 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 50.5%, 390 basis points better than the prior-year quarter. Operating margin was 46.1%, 290 basis points better than the prior-year quarter. Net margin was 30.4%, 630 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $8.13.
Next year's average estimate for revenue is $5.97 billion. The average EPS estimate is $25.57.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,279 members out of 1,327 rating the stock outperform, and 48 members rating it underperform. Among 245 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 234 give CF Industries Holdings a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CF Industries Holdings is hold, with an average price target of $224.42.
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