Intrepid Potash Earnings: Everything You Must Know Now

Intrepid Potash, Inc. (NYSE:IPI) 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.

Intrepid Potash, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.26 in the quarter versus EPS of $0.30 in the year-earlier quarter.

Revenue: Rose 6.02% to $110.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Intrepid Potash, Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $105.69 million.

Quoting Management: “Our ability to achieve healthy financial results concurrent with successfully advancing multiple significant capital projects is a testament to the highly skilled and dedicated team of people at Intrepid,” said Bob Jornayvaz, Intrepid`s Executive Chairman of the Board. “We are unwavering in our commitment to invest in our people and facilities in order to drive shareholder value through the growth of production of lower cost tons while fully participating in the North American potash market. We successfully achieved significant milestones in 2012 on each and every one of our major projects. We began pumping brine into the first evaporation pond at our HB Solar Solution mine in the fourth quarter, and the North compaction plant will come on line beginning in 2013, as expected, allowing us increased as well as more flexible production capabilities that better align with our customers` needs. We paid a special dividend in 2012 reflecting our confidence in the company, as well as in our progress toward our capital investment program.”

Key Stats (on next page)…

Revenue decreased 14.26% from $129.35 million in the previous quarter. EPS decreased 31.58% from $0.38 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 $0.33 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.21 to a profit of $1.18 over the last ninety days.

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