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  • Heritage-Crystal Clean Goes Red

    Heritage-Crystal Clean (Nasdaq: HCCI  ) reported earnings Feb. 22. Here are the numbers you need to know.

    The 10-second takeaway
    For the quarter ended Dec. 31 (Q4), Heritage-Crystal Clean beat expectations on revenues and missed expectations on earnings per share.

    Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share contracted to a loss.

    Margins shrank across the board.

    Revenue details
    Heritage-Crystal Clean logged revenue of $ 54.9 million. The three analysts polled by S&P Capital IQ wanted to see a top line of $ 47.8 million on the same basis. GAAP reported sales were 52% higher than the prior-year quarter’s $ 36.0 million.

    Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

    EPS details
    EPS came in at -$ 0.01. The three earnings estimates compiled by S&P Capital IQ forecast $ 0.05 per share. GAAP EPS were -$ 0.01 for Q4 versus $ 0.07 per share for the prior-year quarter.

    Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

    Margin details
    For the quarter, gross margin was 15.2%, 5,630 basis points worse than the prior-year quarter. Operating margin was -0.5%, 480 basis points worse than the prior-year quarter. Net margin was -0.3%, 290 basis points worse than the prior-year quarter.

    Looking ahead
    Next quarter’s average estimate for revenue is $ 38.0 million. On the bottom line, the average EPS estimate is $ 0.07.

    Next year’s average estimate for revenue is $ 208.1 million. The average EPS estimate is $ 0.74.

    Investor sentiment
    The stock has a three-star rating (out of five) at Motley Fool CAPS, with 57 members out of 61 rating the stock outperform, and four members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Heritage-Crystal Clean a green thumbs-up.

    Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Heritage-Crystal Clean is outperform, with an average price target of $ 23.00.

    Over the decades, small-cap stocks like Heritage-Crystal Clean have provided market-beating returns, provided they’re value priced and have solid businesses. Read about a pair of companies with a lock on their markets in “Too Small to Fail: Two Small Caps the Government Won’t Let Go Broke.” Click here for instant access to this free report.

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