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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