The 10-second takeaway
For the quarter ended March 31 (Q1), TETRA Technologies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins grew, net margins grew.
TETRA Technologies booked revenue of $208.6 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $221.6 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $180.8 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 nine earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. Non-GAAP EPS of $0.06 for Q1 were 100% higher than the prior-year quarter's $0.03 per share. GAAP EPS of $0.02 for Q1 were 100% higher than the prior-year quarter's $0.01 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 18.5%, 900 basis points worse than the prior-year quarter. Operating margin was 2.5%, 90 basis points better than the prior-year quarter. Net margin was 0.6%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $262.3 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $996.3 million. The average EPS estimate is $0.79.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 351 members out of 360 rating the stock outperform, and nine members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give TETRA Technologies a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TETRA Technologies is outperform, with an average price target of $12.00.
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