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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