ADA-ES (NAS: ADES) reported earnings on March 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ADA-ES crushed expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Gross margins shrank, operating margins improved, net margins grew.
ADA-ES recorded revenue of $24.6 million. The three analysts polled by S&P Capital IQ wanted to see a top line of $7.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $9.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.18. The three earnings estimates compiled by S&P Capital IQ anticipated $0.12 per share on the same basis. GAAP EPS were $1.53 for Q4 versus -$0.41 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.9%, 5,330 basis points worse than the prior-year quarter. Operating margin was -0.3%, 6,030 basis points better than the prior-year quarter. Net margin was 55.9%, 9,070 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $8.3 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $62.6 million. The average EPS estimate is $0.91.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 22 members out of 34 rating the stock outperform, and 12 members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give ADA-ES a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ADA-ES is outperform, with an average price target of $23.50.
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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.
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