China XD Plastics' Earnings Beat Last Year's by 107%
China XD Plastics (NAS: CXDC) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), China XD Plastics 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 improved significantly.
Gross margins dropped, operating margins increased, and net margins expanded.
China XD Plastics notched revenue of $113.9 million. The one analyst polled by S&P Capital IQ predicted revenue of $99.5 million on the same basis. GAAP reported sales were 57% higher than the prior-year quarter's $72.4 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 $0.29. The one earnings estimate compiled by S&P Capital IQ forecast $0.33 per share on the same basis. GAAP EPS of $0.30 for Q4 were 200% higher than the prior-year quarter's $0.10 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 25.7%, 30 basis points worse than the prior-year quarter. Operating margin was 21.4%, 120 basis points better than the prior-year quarter. Net margin was 16.2%, 730 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $103.5 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $453.7 million. The average EPS estimate is $1.54.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 61 members rating the stock outperform and 21 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give China XD Plastics a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on China XD Plastics is buy, with an average price target of $7.
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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. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.