The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Global Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins were steady, and net margins were steady.
Global Partners recorded revenue of $4.11 billion. The four analysts polled by S&P Capital IQ expected to see revenue of $3.43 billion on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $2.76 billion.
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 $0.47. The three earnings estimates compiled by S&P Capital IQ predicted $0.43 per share on the same basis. GAAP EPS of $0.45 for Q4 were 41% higher than the prior-year quarter's $0.32 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 1.4%, 50 basis points worse than the prior-year quarter. Operating margin was 0.4%, about the same as the prior-year quarter. Net margin was 0.2%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $4.07 billion. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $15.55 billion. The average EPS estimate is $1.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 136 members rating the stock outperform and eight members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Global Partners 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 Global Partners is hold, with an average price target of $23.33.
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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.