Intrepid Potash Beats on Both Top and Bottom Lines

Intrepid Potash (NYSE: IPI  ) reported earnings on Feb. 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Intrepid Potash beat expectations on revenues and beat expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Intrepid Potash booked revenue of $110.9 million. The seven analysts polled by S&P Capital IQ wanted to see sales of $110.0 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 $0.26. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.19 for Q4 were 42% lower than the prior-year quarter's $0.33 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 37.7%, 720 basis points worse than the prior-year quarter. Operating margin was 28.6%, 800 basis points worse than the prior-year quarter. Net margin was 14.7%, 1,150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $99.8 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $465.6 million. The average EPS estimate is $1.20.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intrepid Potash is hold, with an average price target of $25.29.

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