Chemical & Mining Co. of Chile Increases Sales but Misses Estimates on Earnings
Chemical & Mining Co. of Chile (NYS: SQM) reported earnings on March 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chemical & Mining Co. of Chile beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped.
Gross margins grew, operating margins dropped, net margins dropped.
Chemical & Mining Co. of Chile reported revenue of $601.0 million. The one analyst polled by S&P Capital IQ expected sales of $582.0 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $538.9 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 $0.54. The two earnings estimates compiled by S&P Capital IQ predicted $0.59 per share. GAAP EPS of $0.54 for Q4 were 10.0% lower than the prior-year quarter's $0.60 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 47.3%, 720 basis points better than the prior-year quarter. Operating margin was 33.6%, 670 basis points worse than the prior-year quarter. Net margin was 23.6%, 590 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $618.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $2.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,419 members out of 1,447 rating the stock outperform, and 28 members rating it underperform. Among 245 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 239 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 $63.04.
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The article Chemical & Mining Co. of Chile Increases Sales but Misses Estimates on Earnings 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 recommends 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.
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