South Jersey Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), South Jersey Industries whiffed on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
South Jersey Industries notched revenue of $198.5 million. The one analyst polled by S&P Capital IQ wanted to see net sales of $318.0 million on the same basis. GAAP reported sales were 30% lower than the prior-year quarter's $283.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.05. The four earnings estimates compiled by S&P Capital IQ anticipated $1.02 per share on the same basis. GAAP EPS of $1.22 for Q4 were 44% higher than the prior-year quarter's $0.85 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 28.0%, 890 basis points better than the prior-year quarter. Operating margin was 21.8%, 700 basis points better than the prior-year quarter. Net margin was 18.6%, 970 basis points better than the prior-year quarter.
On the bottom line, the average EPS estimate is $1.73.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $3.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 56 members out of 65 rating the stock outperform, and nine members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give South Jersey Industries a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on South Jersey Industries is outperform, with an average price target of $59.50.
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