The Gory Details of Chemical & Mining Co. of Chile's Earnings Miss
Chemical & Mining Co. of Chile (NYS: SQM) reported earnings on Nov. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Chemical & Mining Co. of Chile missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins grew across the board.
Chemical & Mining Co. of Chile notched revenue of $615.3 million. The three analysts polled by S&P Capital IQ expected to see revenue of $668.3 million on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $574.7 million.
EPS came in at $0.63. The three earnings estimates compiled by S&P Capital IQ predicted $0.73 per share. GAAP EPS of $0.63 for Q3 were 17% higher than the prior-year quarter's $0.54 per share.
For the quarter, gross margin was 42.6%, 50 basis points better than the prior-year quarter. Operating margin was 37.1%, 150 basis points better than the prior-year quarter. Net margin was 26.8%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $582.0 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $2.59 billion. The average EPS estimate is $2.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,441 members out of 1,470 rating the stock outperform, and 29 members rating it underperform. Among 261 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 give Chemical & Mining Co. of Chile a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chemical & Mining Co. of Chile is outperform, with an average price target of $63.02.
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The article The Gory Details of Chemical & Mining Co. of Chile's Earnings Miss 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. Motley Fool newsletter services recommend Sociedad Quimica y Minera (ADR). 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.