The 10-second takeaway
For the quarter ended Dec. 31 (Q1), UGI whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue shrank, and earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins shrank.
UGI notched revenue of $1.7 billion. The one analyst polled by S&P Capital IQ predicted revenue of $2.2 billion. Sales were 4.3% lower than the prior-year quarter's $1.8 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.77. The three earnings estimates compiled by S&P Capital IQ predicted $0.97 per share. GAAP EPS of $0.77 for Q1 were 24% lower than the prior-year quarter's $1.01 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 100.0%, 6,580 basis points better than the prior-year quarter. Operating margin was 11.1%, 270 basis points worse than the prior-year quarter. Net margin was 5.2%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.2 billion. On the bottom line, the average EPS estimate is $1.40.
Next year's average estimate for revenue is $8.6 billion. The average EPS estimate is $2.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 135 members out of 142 rating the stock outperform, and seven members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give UGI a green thumbs-up, and three 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 $34.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of UGI. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.