Compass Minerals (CMP) reported $411.1 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 8.3%. EPS of -$0.46 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of -3.70% over the Zacks Consensus Estimate of $426.91 million. With the consensus EPS estimate being $0.53, the EPS surprise was -186.79%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Compass performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Sales Price per ton – Plant Nutrition: $796 versus $827.67 estimated by three analysts on average.
- Sales volumes- Salt: 4403 KTon versus 4485.78 KTon estimated by three analysts on average.
- Average Salt Sales Price per ton: $81.87 compared to the $83.72 average estimate based on three analysts.
- Sales volumes – Plant Nutrition: 60 KTon versus the three-analyst average estimate of 61.27 KTon.
- Sales to external customers – Salt: $360.50 million versus $364.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -7.9% change.
- Sales to external customers- Plant Nutrition: $47.70 million compared to the $50.72 million average estimate based on three analysts. The reported number represents a change of -12.2% year over year.
- Sales to external customers- Corporate & Other: $2.90 million compared to the $2.73 million average estimate based on three analysts. The reported number represents a change of 0% year over year.
- Operating earnings- Corporate and Other: -$24.50 million compared to the -$20.57 million average estimate based on three analysts.
- Operating earnings- Salt: $73.10 million compared to the $63.96 million average estimate based on three analysts.
View all Key Company Metrics for Compass here>>>
Shares of Compass have returned -3.1% over the past month versus the Zacks S&P 500 composite’s +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.