Heritage-Crystal Clean (Nasdaq: HCCI ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 15 (Q2), Heritage-Crystal Clean beat slightly on revenues and 0 on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share contracted.
Gross margins grew, operating margins contracted, net margins dropped.
Revenue details
Heritage-Crystal Clean recorded revenue of $63.6 million. The six analysts polled by S&P Capital IQ looked for revenue of $62.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.06. The six earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS of $0.06 for Q2 were 14% lower than the prior-year quarter's $0.07 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 17.9%, 130 basis points better than the prior-year quarter. Operating margin was 3.2%, 40 basis points worse than the prior-year quarter. Net margin was 1.6%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
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Looking ahead
Next quarter's average estimate for revenue is $64.9 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $273.1 million. The average EPS estimate is $0.26.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 65 rating the stock outperform, and six members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Heritage-Crystal Clean a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heritage-Crystal Clean is outperform, with an average price target of $17.60.
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