REX American Resources
The 10-second takeaway
For the quarter ended April 30 (Q1), REX American Resources beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
REX American Resources logged revenue of $178.7 million. The one analyst polled by S&P Capital IQ anticipated sales of $173.6 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $151.0 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 $0.43. The two earnings estimates compiled by S&P Capital IQ forecast -$0.03 per share. GAAP EPS of $0.43 for Q1 were 291% higher than the prior-year quarter's $0.11 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.1%, 150 basis points better than the prior-year quarter. Operating margin was 3.0%, 120 basis points better than the prior-year quarter. Net margin was 2.0%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $171.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $679.9 million. The average EPS estimate is $1.97.
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