WGL Holdings (NYSE: WGL ) reported earnings on Nov. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), WGL Holdings missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew.
Margins increased across the board.
WGL Holdings reported revenue of $419.8 million. The four analysts polled by S&P Capital IQ anticipated sales of $453.6 million on the same basis. GAAP reported sales were 6.3% lower than the prior-year quarter's $448.1 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 -$0.10. The six earnings estimates compiled by S&P Capital IQ predicted -$0.27 per share. GAAP EPS were $0.15 for Q4 against -$0.60 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 14.4%, 1,150 basis points better than the prior-year quarter. Operating margin was 3.1%, 1,050 basis points better than the prior-year quarter. Net margin was 1.9%, 870 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $743.9 million. On the bottom line, the average EPS estimate is $1.08.
Next year's average estimate for revenue is $2.61 billion. The average EPS estimate is $2.59.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 75 members out of 78 rating the stock outperform, and three members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give WGL Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WGL Holdings is hold, with an average price target of $41.14.
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