Intrepid Potash's Latest EPS Top Last Year's by 17%

Seth Jayson, The Motley Fool
Updated

Intrepid Potash (NYS: IPI) filed its 10-K on Feb. 16. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Intrepid Potash beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.

Margins expanded across the board.

Revenue details
Intrepid Potash notched revenue of $104.6 million. The eight analysts polled by S&P Capital IQ expected to see a top line of $98.2 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $86.8 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.28. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.30 per share on the same basis. GAAP EPS of $0.33 for Q4 were 38% higher than the prior-year quarter's $0.24 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 44.9%, 150 basis points better than the prior-year quarter. Operating margin was 36.6%, 300 basis points better than the prior-year quarter. Net margin was 26.2%, 530 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $106.8 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $493.2 million. The average EPS estimate is $1.58.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is hold, with an average price target of $27.95.

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At the time thisarticle 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.

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