CARBO Ceramics Earnings: Here’s Why Investors are Selling Shares Now

CARBO Ceramics Inc. (NYSE:CRR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 16.03%.

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CARBO Ceramics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 41.98% to $0.76 in the quarter versus EPS of $1.31 in the year-earlier quarter.

Revenue: Decreased 9.48% to $147.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CARBO Ceramics Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company missed the mean analyst estimate of $0.89. It missed the average revenue estimate of $155.64 million.

Quoting Management: President and CEO Gary Kolstad commented, “The industry environment remained challenging in the first quarter. On the positive side, we continue to build upon our technology leadership in production enhancement. We made gains in key shale basins, work on our new proppant technology continued, and we made progress in the resin-coated sand market.”

Key Stats (on next page)…

Revenue decreased 3.85% from $153.62 million in the previous quarter. EPS decreased 11.63% from $0.86 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.03 to a profit $0.98. For the current year, the average estimate has moved down from a profit of $4.39 to a profit of $4.2 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]