MDU Resources Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), MDU Resources Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
MDU Resources Group logged revenue of $1.07 billion. The two analysts polled by S&P Capital IQ hoped for a top line of $1.08 billion. Sales were 2.2% higher than the prior-year quarter's $1.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.39. The eight earnings estimates compiled by S&P Capital IQ predicted $0.33 per share on the same basis. GAAP EPS of $0.32 for Q4 were 32% lower than the prior-year quarter's $0.47 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 23.9%, 50 basis points worse than the prior-year quarter. Operating margin was 11.9%, 60 basis points worse than the prior-year quarter. Net margin was 5.7%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $911.8 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $4.17 billion. The average EPS estimate is $1.31.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 242 members rating the stock outperform, and 12 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give MDU Resources Group 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 MDU Resources Group is hold, with an average price target of $22.94.
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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. 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.