CVR Energy's Earnings Beat Last Year's by 461%
CVR Energy (NYS: CVI) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CVR Energy beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
CVR Energy reported revenue of $1.35 billion. The four analysts polled by S&P Capital IQ wanted to see revenue of $1.32 billion on the same basis. GAAP reported sales were 92% lower than the prior-year quarter's $1.15 billion.
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 $1.57. The four earnings estimates compiled by S&P Capital IQ forecast $1.70 per share on the same basis. GAAP EPS of $0.48 for Q3 were much higher than the prior-year quarter's $0.02 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 59.5%, 5,070 basis points better than the prior-year quarter. Operating margin was 48.6%, 4,630 basis points better than the prior-year quarter. Net margin was 47.0%, 4,680 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.02 billion. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $4.99 billion. The average EPS estimate is $3.94.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 368 members out of 387 rating the stock outperform, and 19 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give CVR Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CVR Energy is buy, with an average price target of $31.50.
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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 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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