Olin Misses on Revenue but Beats on EPS
Olin (NYS: OLN) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Olin missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share increased.
Margins improved across the board.
Olin notched revenue of $508.7 million. The eight analysts polled by S&P Capital IQ foresaw a top line of $530.5 million on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $529.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.53 per share. GAAP EPS of $0.59 for Q2 were 13% higher than the prior-year quarter's $0.52 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 23.1%, 130 basis points better than the prior-year quarter. Operating margin was 14.2%, 40 basis points better than the prior-year quarter. Net margin was 9.4%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $553.3 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $2.09 billion. The average EPS estimate is $1.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 563 members out of 578 rating the stock outperform, and 15 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Olin a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Olin is hold, with an average price target of $23.17.
Can your retirement portfolio provide you with enough income to last? You'll need more than Olin. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Olin to My Watchlist.
The article Olin Misses on Revenue but Beats on EPS originally appeared on Fool.com.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.