For the first quarter FutureFuel reported earnings of 14 cents a share, missing the Capital IQ Consensus Estimate of 17 cents a share by 3 cents. Revenue fell -10.8% from the year-ago quarter to $82.2 million. Analysts expected revenue of $68.45 million for the quarter.
"The first quarter was characterized by flat revenue and much lower profitability in biodiesel due to the expiration of the $1 blender's tax credit on 12/31/13 and somewhat lower volume of our chemical division," Lee Mikles, FutureFuel president, said in a press release. "Comparisons to first quarter of 2013 were also skewed by the $2.5 million retroactive credit for 2012 biodiesel volumes."
Must read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates FUTUREFUEL CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FUTUREFUEL CORP (FF) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."