Calumet Specialty Products Partners (NAS: CLMT) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Calumet Specialty Products Partners 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 grew significantly.
Margins grew across the board.
Calumet Specialty Products Partners chalked up revenue of $1.18 billion. The three analysts polled by S&P Capital IQ expected to see a top line of $941.3 million on the same basis. GAAP reported sales were 52% higher than the prior-year quarter's $777.8 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 $1.07. The five earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. GAAP EPS of $0.69 for Q3 were 50% higher than the prior-year quarter's $0.46 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 13.4%, 100 basis points better than the prior-year quarter. Operating margin was 5.6%, 120 basis points better than the prior-year quarter. Net margin was 3.6%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $904.9 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $4.13 billion. The average EPS estimate is $3.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 433 members out of 461 rating the stock outperform, and 28 members rating it underperform. Among 145 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 138 give Calumet Specialty Products Partners a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Calumet Specialty Products Partners is hold, with an average price target of $30.75.
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The article Calumet Specialty Products Partners Catches Analysts Sleeping Again originally appeared on Fool.com.
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