The 10-second takeaway
For the quarter ended March 31 (Q1), Harsco met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share grew.
Gross margins were steady, operating margins grew, net margins grew.
Harsco recorded revenue of $715.4 million. The seven analysts polled by S&P Capital IQ hoped for sales of $715.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.09. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.09 for Q1 compared to -$0.37 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 21.1%, much about the same as the prior-year quarter. Operating margin was 3.6%, 10 basis points better than the prior-year quarter. Net margin was 1.0%, 490 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $754.9 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $3.00 billion. The average EPS estimate is $1.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 271 members out of 281 rating the stock outperform, and 10 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Harsco 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 Harsco is hold, with an average price target of $27.20.
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