U.S. Silica Holdings
The 10-second takeaway
For the quarter ended June 30 (Q2), U.S. Silica Holdings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew.
Margins shrank across the board.
U.S. Silica Holdings booked revenue of $129.8 million. The seven analysts polled by S&P Capital IQ wanted to see net sales of $133.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $104.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.38. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS of $0.38 for Q2 were 5.6% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 38.2%, 550 basis points worse than the prior-year quarter. Operating margin was 23.5%, 520 basis points worse than the prior-year quarter. Net margin was 15.6%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $146.0 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $548.3 million. The average EPS estimate is $1.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 108 members out of 113 rating the stock outperform, and five members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give U.S. Silica Holdings 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 U.S. Silica Holdings is buy, with an average price target of $27.00.
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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. The Motley Fool owns shares of U.S. Silica Holdings. 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.