Aegean Marine Petroleum Network
The 10-second takeaway
For the quarter ended March 31 (Q1), Aegean Marine Petroleum Network missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share didn't move. GAAP earnings per share increased.
Margins expanded across the board.
Aegean Marine Petroleum Network reported revenue of $1.57 billion. The three analysts polled by S&P Capital IQ predicted revenue of $1.74 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $1.81 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 $0.13. The six earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. Non-GAAP EPS of $0.13 were the same as the prior-year quarter. GAAP EPS of $0.15 for Q1 were 15% higher than the prior-year quarter's $0.13 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 4.5%, 30 basis points better than the prior-year quarter. Operating margin was 0.8%, 10 basis points better than the prior-year quarter. Net margin was 0.5%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.74 billion. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $6.88 billion. The average EPS estimate is $0.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 555 members out of 575 rating the stock outperform, and 20 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Aegean Marine Petroleum Network a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.55.
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