The 10-second takeaway
For the quarter ended March 31 (Q2), AmeriGas Partners missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins dropped, net margins dropped.
AmeriGas Partners booked revenue of $1.16 billion. The five analysts polled by S&P Capital IQ expected to see revenue of $1.24 billion on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $906.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.82. The six earnings estimates compiled by S&P Capital IQ forecast $1.42 per share. GAAP EPS of $1.26 for Q2 were 36% lower than the prior-year quarter's $1.96 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 42.0%, 430 basis points better than the prior-year quarter. Operating margin was 16.9%, 20 basis points worse than the prior-year quarter. Net margin was 11.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $660.5 million. On the bottom line, the average EPS estimate is -$0.68.
Next year's average estimate for revenue is $3.20 billion. The average EPS estimate is -$0.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 192 members out of 209 rating the stock outperform, and 17 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give AmeriGas Partners 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 AmeriGas Partners is hold, with an average price target of $42.86.
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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.