World Fuel Services
The 10-second takeaway
For the quarter ended March 31 (Q1), World Fuel Services missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins dropped across the board.
World Fuel Services tallied revenue of $9.48 billion. The five analysts polled by S&P Capital IQ looked for revenue of $9.72 billion on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $7.08 billion.
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 $0.65. The six earnings estimates compiled by S&P Capital IQ forecast $0.65 per share. GAAP EPS of $0.65 for Q1 were 12% higher than the prior-year quarter's $0.58 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 1.7%, 20 basis points worse than the prior-year quarter. Operating margin was 0.6%, 20 basis points worse than the prior-year quarter. Net margin was 0.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.33 billion. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $41.70 billion. The average EPS estimate is $2.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 312 members rating the stock outperform and 15 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give World Fuel Services a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on World Fuel Services is outperform, with an average price target of $53.50.
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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.