Alon USA Energy
The 10-second takeaway
For the quarter ended March 31 (Q1), Alon USA Energy beat expectations on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue improved and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Alon USA Energy notched revenue of $1.79 billion. The two analysts polled by S&P Capital IQ anticipated revenue of $1.72 billion on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $1.64 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 $0.15. The four earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS were -$0.52 for Q1 against $0.22 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.1%, 500 basis points worse than the prior-year quarter. Operating margin was -0.6%, 510 basis points worse than the prior-year quarter. Net margin was -1.6%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $8.96 billion. The average EPS estimate is $1.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 376 members out of 395 rating the stock outperform, and 19 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Alon USA Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alon USA Energy is hold, with an average price target of $10.25.
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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. He is the 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 don't 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.