NewMarket Misses on Revenues but Beats on EPS
NewMarket (NYS: NEU) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), NewMarket missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share expanded.
Margins improved across the board.
NewMarket reported revenue of $590.4 million. The three analysts polled by S&P Capital IQ anticipated sales of $613.7 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $578.5 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 $4.69. The five earnings estimates compiled by S&P Capital IQ forecast $4.55 per share. GAAP EPS of $4.12 for Q2 were 9.3% higher than the prior-year quarter's $3.77 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 28.0%, 250 basis points better than the prior-year quarter. Operating margin was 16.3%, 160 basis points better than the prior-year quarter. Net margin was 9.4%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $591.3 million. On the bottom line, the average EPS estimate is $4.43.
Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $17.87.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 253 members out of 261 rating the stock outperform, and eight members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give NewMarket a green thumbs-up, and three give it a red thumbs-down.
- Add NewMarket to My Watchlist.
The article NewMarket Misses on Revenues 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. The Motley Fool has no positions in the stocks mentioned above. 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.