So, the Wheels Came Off Calumet Specialty Products Partners's Bus

Seth Jayson, The Motley Fool
Updated

Calumet Specialty Products Partners (NAS: CLMT) reported earnings on Feb. 13. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Calumet Specialty Products Partners beat expectations on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.


Margins grew across the board.

Revenue details
 Calumet Specialty Products Partners recorded revenue of $1.22 billion. The three analysts polled by S&P Capital IQ wanted to see net sales of $1.05 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $1.02 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.60. The six earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.73 for Q4 were 43% higher than the prior-year quarter's $0.51 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 11.6%, 370 basis points better than the prior-year quarter. Operating margin was 6.0%, 160 basis points better than the prior-year quarter. Net margin was 3.7%, 110 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $4.66 billion. The average EPS estimate is $3.23.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 459 members out of 487 rating the stock outperform, and 28 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 145 give Calumet Specialty Products Partners a green thumbs-up, and five 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 outperform, with an average price target of $32.75.

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The article So, the Wheels Came Off Calumet Specialty Products Partners's Bus 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 position in any of the stocks mentioned. 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.

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