The Gory Details of Cloud Peak Energy's Double Fumble
Cloud Peak Energy (NYS: CLD) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Cloud Peak Energy missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Cloud Peak Energy reported revenue of $343.2 million. The nine analysts polled by S&P Capital IQ looked for a top line of $359.2 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $387.7 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 $0.34. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.55 for Q2 were 65% lower than the prior-year quarter's $1.56 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 22.5%, 330 basis points worse than the prior-year quarter. Operating margin was 17.1%, 220 basis points worse than the prior-year quarter. Net margin was 9.8%, 1,460 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $389.4 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $1.51 billion. The average EPS estimate is $1.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 186 members rating the stock outperform and seven members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Cloud Peak Energy 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 Cloud Peak Energy is hold, with an average price target of $20.75.
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The article The Gory Details of Cloud Peak Energy's Double Fumble originally appeared on Fool.com.Seth Jaysonhad 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.