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U.S. Silica (SLCA) Q1 Earnings Beat, Sales Miss Estimates
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U.S. Silica Holdings, Inc. (SLCA - Free Report) is a leading producer of commercial silica used in the oil and gas industry as well as in a vast spectrum of industrial applications.
Earnings
U.S. Silica’s adjusted earnings for the first quarter came in at 54 cents per share. It beat the Zacks Consensus Estimate of 45 cents.
Revenues
U.S. Silica reported revenues of $369.3 million, up around 51% year over year. The figure however, missed the Zacks Consensus Estimate of $370 million.
Investors should note that the earnings estimate for U.S. Silica for the first quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average beat of around 13.4%.
Key Developments to Note
U.S. Silica continues to expect its capital expenditures for 2018 to be in the range of $300-$350 million, mainly due to the completion of capacity expansion projects that started last year and continued investments in Sandbox.
For the second quarter, the company expects volumes in the Oil & Gas segment to rise in the range of 10-15%. Moreover, the company expects spot pricing to continue to increase in the second quarter at mid-single digit clips. It also expects improved pricing and volumes for Sandbox in the second quarter.
Zacks Rank
Currently, U.S. Silica has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
U.S. Silica’s shares were inactive during the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on U.S. Silica’s earnings report!
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U.S. Silica (SLCA) Q1 Earnings Beat, Sales Miss Estimates
U.S. Silica Holdings, Inc. (SLCA - Free Report) is a leading producer of commercial silica used in the oil and gas industry as well as in a vast spectrum of industrial applications.
Earnings
U.S. Silica’s adjusted earnings for the first quarter came in at 54 cents per share. It beat the Zacks Consensus Estimate of 45 cents.
Revenues
U.S. Silica reported revenues of $369.3 million, up around 51% year over year. The figure however, missed the Zacks Consensus Estimate of $370 million.
U.S. Silica Holdings, Inc. Price and EPS Surprise
U.S. Silica Holdings, Inc. Price and EPS Surprise | U.S. Silica Holdings, Inc. Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for U.S. Silica for the first quarter has been going down over the past month. The company has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average beat of around 13.4%.
Key Developments to Note
U.S. Silica continues to expect its capital expenditures for 2018 to be in the range of $300-$350 million, mainly due to the completion of capacity expansion projects that started last year and continued investments in Sandbox.
For the second quarter, the company expects volumes in the Oil & Gas segment to rise in the range of 10-15%. Moreover, the company expects spot pricing to continue to increase in the second quarter at mid-single digit clips. It also expects improved pricing and volumes for Sandbox in the second quarter.
Zacks Rank
Currently, U.S. Silica has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
U.S. Silica’s shares were inactive during the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on U.S. Silica’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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