It's Showtime for NewMarket
NewMarket (NYS: NEU) is expected to report Q2 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict NewMarket's revenues will grow 3.7% and EPS will grow 3.8%.
The average estimate for revenue is $612.2 million. On the bottom line, the average EPS estimate is $4.87.
Last quarter, NewMarket tallied revenue of $562.6 million. GAAP reported sales were 0.0% lower than the prior-year quarter's $562.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $5.04. GAAP EPS of $5.07 for Q1 were 2.2% higher than the prior-year quarter's $4.96 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.3%, 20 basis points better than the prior-year quarter. Operating margin was 17.5%, 110 basis points worse than the prior-year quarter. Net margin was 12.1%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.30 billion. The average EPS estimate is $18.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 261 members out of 270 rating the stock outperform, and nine members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give NewMarket a green thumbs-up, and three give it a red thumbs-down.
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The article It's Showtime for NewMarket 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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