Charting Albemarle's Latest Earnings Release
Jul 18th 2013 9:06AM
Updated Jul 18th 2013 9:08AM
Albemarle (NYS: ALB) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Albemarle missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped significantly. GAAP earnings per share increased significantly.
Gross margins shrank, operating margins dropped, net margins expanded.
Albemarle recorded revenue of $634.2 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $653.5 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $684.9 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 $0.97. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.98 per share. Non-GAAP EPS of $0.97 for Q2 were 22% lower than the prior-year quarter's $1.24 per share. GAAP EPS of $0.98 for Q2 were 133% higher than the prior-year quarter's $0.42 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 31.0%, 440 basis points worse than the prior-year quarter. Operating margin was 17.7%, 380 basis points worse than the prior-year quarter. Net margin was 13.0%, 750 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $704.8 million. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $2.73 billion. The average EPS estimate is $4.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 220 members out of 235 rating the stock outperform, and 15 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Albemarle 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 Albemarle is hold, with an average price target of $67.50.
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The article Charting Albemarle's Latest Earnings Release originally appeared on Fool.com.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.
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