Kronos Worldwide Crushes Earnings Estimates
Mar 7th 2012 9:51AM
Updated Mar 7th 2012 9:52AM
Kronos Worldwide (NYS: KRO) reported earnings on Mar. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kronos Worldwide missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Margins improved across the board.
Kronos Worldwide reported revenue of $437.4 million. The four analysts polled by S&P Capital IQ expected a top line of $448.7 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $373.3 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 $0.74. The four earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.74 for Q4 were 124% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.4%, 1,670 basis points better than the prior-year quarter. Operating margin was 32.4%, 1,640 basis points better than the prior-year quarter. Net margin was 19.6%, 980 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $554.0 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $2.49 billion. The average EPS estimate is $2.76.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 137 members out of 153 rating the stock outperform, and 16 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Kronos Worldwide a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kronos Worldwide is outperform, with an average price target of $27.67.
Can your retirement portfolio provide you with enough income to last? You'll need more than Kronos Worldwide. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Kronos Worldwide to My Watchlist.
At the time this article was published 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. 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
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.