We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Compass (CMP) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended March 2024, Compass Minerals (CMP - Free Report) reported revenue of $364 million, down 11.5% over the same period last year. EPS came in at $1.49, compared to -$0.46 in the year-ago quarter.
The reported revenue represents a surprise of -7.32% over the Zacks Consensus Estimate of $392.74 million. With the consensus EPS estimate being $0.23, the EPS surprise was +547.83%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $680.24 versus the three-analyst average estimate of $637.94.
Sales volumes - Plant Nutrition: 74 KTon versus the three-analyst average estimate of 75 KTon.
Average Sales Price per ton - Total Salt: $89.55 versus the three-analyst average estimate of $85.58.
Sales volumes - Total Salt - Consumer and Industrial: 421 KTon versus the three-analyst average estimate of 491 KTon.
Average Sales Price per ton - Consumer and Industrial: $196.93 versus the three-analyst average estimate of $186.26.
Sales volumes - Total Salt: 3,466 KTon compared to the 4,000.78 KTon average estimate based on three analysts.
Sales volumes - Total Salt - Highway Deicing: 3,045 KTon versus 3,643.12 KTon estimated by three analysts on average.
Average Sales Price per ton - Highway Deicing: $74.72 compared to the $72 average estimate based on three analysts.
Sales to external customers- Salt: $310.40 million compared to the $344.18 million average estimate based on three analysts. The reported number represents a change of -13.9% year over year.
Sales to external customers- Plant Nutrition: $50.10 million compared to the $47.87 million average estimate based on three analysts. The reported number represents a change of +5% year over year.
Sales to external customers- Corporate & Other: $3.50 million compared to the $3.30 million average estimate based on two analysts. The reported number represents a change of +20.7% year over year.
Operating earnings- Plant Nutrition: -$53.40 million compared to the -$3.44 million average estimate based on three analysts.
Shares of Compass have returned -5.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Compass (CMP) Q2 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Compass Minerals (CMP - Free Report) reported revenue of $364 million, down 11.5% over the same period last year. EPS came in at $1.49, compared to -$0.46 in the year-ago quarter.
The reported revenue represents a surprise of -7.32% over the Zacks Consensus Estimate of $392.74 million. With the consensus EPS estimate being $0.23, the EPS surprise was +547.83%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $680.24 versus the three-analyst average estimate of $637.94.
- Sales volumes - Plant Nutrition: 74 KTon versus the three-analyst average estimate of 75 KTon.
- Average Sales Price per ton - Total Salt: $89.55 versus the three-analyst average estimate of $85.58.
- Sales volumes - Total Salt - Consumer and Industrial: 421 KTon versus the three-analyst average estimate of 491 KTon.
- Average Sales Price per ton - Consumer and Industrial: $196.93 versus the three-analyst average estimate of $186.26.
- Sales volumes - Total Salt: 3,466 KTon compared to the 4,000.78 KTon average estimate based on three analysts.
- Sales volumes - Total Salt - Highway Deicing: 3,045 KTon versus 3,643.12 KTon estimated by three analysts on average.
- Average Sales Price per ton - Highway Deicing: $74.72 compared to the $72 average estimate based on three analysts.
- Sales to external customers- Salt: $310.40 million compared to the $344.18 million average estimate based on three analysts. The reported number represents a change of -13.9% year over year.
- Sales to external customers- Plant Nutrition: $50.10 million compared to the $47.87 million average estimate based on three analysts. The reported number represents a change of +5% year over year.
- Sales to external customers- Corporate & Other: $3.50 million compared to the $3.30 million average estimate based on two analysts. The reported number represents a change of +20.7% year over year.
- Operating earnings- Plant Nutrition: -$53.40 million compared to the -$3.44 million average estimate based on three analysts.
View all Key Company Metrics for Compass here>>>Shares of Compass have returned -5.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.