OM Group Increases Sales but Misses Revenue Estimate
OM Group (NYS: OMG) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), OM Group missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins shrank, net margins grew.
OM Group logged revenue of $438.6 million. The one analyst polled by S&P Capital IQ predicted a top line of $459.1 million on the same basis. GAAP reported sales were 50% higher than the prior-year quarter's $293.1 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 $0.73. The three earnings estimates compiled by S&P Capital IQ averaged $0.91 per share on the same basis. GAAP EPS of $1.59 for Q4 were 106% higher than the prior-year quarter's $0.77 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 23.3%, 100 basis points worse than the prior-year quarter. Operating margin was 3.7%, 530 basis points worse than the prior-year quarter. Net margin was 11.6%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $477.9 million. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $1.58 billion. The average EPS estimate is $3.43.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OM Group is hold, with an average price target of $30.00.
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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.
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