The 10-second takeaway
For the quarter ended March 31 (Q1), Genesis Energy beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share expanded.
Margins shrank across the board.
Genesis Energy booked revenue of $1.15 billion. The seven analysts polled by S&P Capital IQ looked for a top line of $1.13 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $932.9 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 $0.28. The nine earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.28 for Q1 were 3.7% higher than the prior-year quarter's $0.27 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 5.0%, 50 basis points worse than the prior-year quarter. Operating margin was 2.6%, 20 basis points worse than the prior-year quarter. Net margin was 2.0%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $5.46 billion. The average EPS estimate is $1.50.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 258 members out of 267 rating the stock outperform, and nine members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Genesis Energy 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 Genesis Energy is outperform, with an average price target of $47.27.
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