REX American Resources Beats on the Top Line

Seth Jayson, The Motley Fool
Updated

REX American Resources (NYS: REX) reported earnings on March 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 31 (Q4), REX American Resources crushed expectations on revenues and crushed expectations on earnings per share.

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

Margins increased across the board.

Revenue details
REX American Resources reported revenue of $170.5 million. The two analysts polled by S&P Capital IQ expected to see revenue of $141.6 million on the same basis. GAAP reported sales were 82% higher than the prior-year quarter's $93.9 million.

anImage
anImage

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

EPS details
EPS came in at $1.76. The two earnings estimates compiled by S&P Capital IQ averaged $0.52 per share. GAAP EPS were $1.76 for Q4 versus -$0.49 per share for the prior-year quarter.

anImage
anImage

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 12.0%, 260 basis points better than the prior-year quarter. Operating margin was 9.7%, 340 basis points better than the prior-year quarter. Net margin was 8.7%, 1,360 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $138.9 million. On the bottom line, the average EPS estimate is $0.55.

Next year's average estimate for revenue is $602.7 million. The average EPS estimate is $2.99.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on REX American Resources is buy, with an average price target of $30.00.

Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.

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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement