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.
Is REX American Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add REX American Resources to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.