CARBO Ceramics Earnings: Here’s Why the Stock is Rising Now

CARBO Ceramics Inc. (NYSE:CRR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 16%.

CARBO Ceramics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 48.55% to $0.71 in the quarter versus EPS of $1.38 in the year-earlier quarter.

Revenue: Decreased 13.46% to $153.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CARBO Ceramics Inc. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.67. It beat the average revenue estimate of $145.49 million.

Quoting Management: President and CEO Gary Kolstad commented, “We are pleased with the progress we made in our production enhancement businesses during the quarter. In the latter part of the quarter, we experienced increased demand for ceramic proppants and improved margins.”

Key Stats (on next page)…

Revenue increased 4.09% from $147.66 million in the previous quarter. EPS decreased 6.58% from $0.76 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 $1.00 to a profit $0.81. For the current year, the average estimate has moved down from a profit of $3.74 to a profit of $3.11 over the last ninety days.

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