PH Glatfelter Beats on EPS but GAAP Results Lag
PH Glatfelter (NYS: GLT) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PH Glatfelter met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins increased, net margins dropped.
PH Glatfelter booked revenue of $393.4 million. The one analyst polled by S&P Capital IQ predicted revenue of $398.6 million. Sales were 4.1% higher than the prior-year quarter's $378.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.32. The two earnings estimates compiled by S&P Capital IQ predicted $0.27 per share on the same basis. GAAP EPS of $0.22 for Q4 were 31% lower than the prior-year quarter's $0.32 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 13.6%, 50 basis points better than the prior-year quarter. Operating margin was 5.9%, 110 basis points better than the prior-year quarter. Net margin was 2.5%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $403.2 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $1.25.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 185 members out of 188 rating the stock outperform, and three members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give PH Glatfelter a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PH Glatfelter is buy, with an average price target of $19.00.
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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 ofMotley 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.