The 10-second takeaway
For the quarter ended Dec. 31 (Q1), UGI missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins grew, operating margins grew, net margins dropped.
UGI reported revenue of $2.02 billion. The two analysts polled by S&P Capital IQ expected sales of $2.24 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $1.69 billion.
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 $0.90. The five earnings estimates compiled by S&P Capital IQ averaged $1.04 per share. GAAP EPS of $0.90 for Q1 were 17% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.8%, 500 basis points better than the prior-year quarter. Operating margin was 14.9%, 360 basis points better than the prior-year quarter. Net margin was 5.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.77 billion. On the bottom line, the average EPS estimate is $1.54.
Next year's average estimate for revenue is $7.38 billion. The average EPS estimate is $2.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 138 rating the stock outperform, and seven members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give UGI a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UGI is buy, with an average price target of $38.25.
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