The 10-second takeaway
For the quarter ended June 30 (Q3), AmeriGas Partners missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP loss per share contracted. GAAP loss per share contracted.
Margins grew across the board.
AmeriGas Partners chalked up revenue of $581.7 million. The five analysts polled by S&P Capital IQ anticipated revenue of $643.4 million on the same basis. GAAP reported sales were 1.7% higher than the prior-year quarter's $571.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.27. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.44 per share. Non-GAAP EPS were -$0.27 for Q3 compared to -$0.84 per share for the prior-year quarter. GAAP EPS were -$0.43 for Q3 versus -$1.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 47.4%, 580 basis points better than the prior-year quarter. Operating margin was 1.1%, 690 basis points better than the prior-year quarter. Net margin was -5.9%, 970 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $586.7 million. On the bottom line, the average EPS estimate is -$0.47.
Next year's average estimate for revenue is $3.29 billion. The average EPS estimate is $2.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 196 members out of 213 rating the stock outperform, and 17 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give AmeriGas Partners a green thumbs-up, and one 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 $42.94.
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