The 10-second takeaway
For the quarter ended June 30 (Q3), AmeriGas Partners missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share expanded.
Gross margins expanded, operating margins shrank, and net margins dropped.
AmeriGas Partners reported revenue of $571.9 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $614.2 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $470.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.84. The four earnings estimates compiled by S&P Capital IQ averaged -$0.75 per share. GAAP EPS were -$1.00 for Q3 against -$0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.6%, 550 basis points better than the prior-year quarter. Operating margin was -8.4%, 980 basis points worse than the prior-year quarter. Net margin was -15.6%, 1,370 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $563.1 million. On the bottom line, the average EPS estimate is -$0.88.
Next year's average estimate for revenue is $3.08 billion. The average EPS estimate is $0.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 190 members out of 207 rating the stock outperform, and 17 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give AmeriGas Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmeriGas Partners is hold, with an average price target of $42.42.
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