Macquarie Infrastructure (NYSE: MIC) reported earnings on Aug. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Macquarie Infrastructure beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.
Margins expanded across the board.
Revenue details
Macquarie Infrastructure booked revenue of $258.5 million. The three analysts polled by S&P Capital IQ expected sales of $254.8 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $247.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.24. The one earnings estimate compiled by S&P Capital IQ forecast $0.25 per share. GAAP EPS were $0.24 for Q2 against -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 37.8%, 120 basis points better than the prior-year quarter. Operating margin was 10.2%, 130 basis points better than the prior-year quarter. Net margin was 4.3%, 530 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $254.6 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $1.20.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 362 members out of 385 rating the stock outperform, and 23 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Macquarie Infrastructure a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macquarie Infrastructure is buy, with an average price target of $39.00.
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