Aegean Marine Petroleum Network
The 10-second takeaway
For the quarter ended March 31 (Q1), Aegean Marine Petroleum Network beat expectations on both revenue and earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Gross margin contracted, operating margin increased, and net margin was steady.
Aegean Marine Petroleum Network recorded revenue of $1.81 billion. The two analysts polled by S&P Capital IQ hoped for a top line of $1.7 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $1.61 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 $0.13. The four earnings estimates compiled by S&P Capital IQ forecast $0.11 per share. GAAP EPS of $0.13 for Q1 were 44% higher than the prior-year quarter's $0.09 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 4.2%, 10 basis points worse than the prior-year quarter. Operating margin was 0.7%, 10 basis points better than the prior-year quarter. Net margin was 0.3%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $1.78 billion. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $7.28 billion. The average EPS estimate is $0.72.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 573 members rating the stock outperform and 21 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Aegean Marine Petroleum Network a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.25.
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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 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.