The 10-second takeaway
For the quarter ended July 31 (Q4), Ferrellgas Partners whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share shrank.
Gross margins increased, operating margins contracted, net margins dropped.
Ferrellgas Partners reported revenue of $341.8 million. The three analysts polled by S&P Capital IQ expected revenue of $399.9 million on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $449.7 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 -$0.45. The seven earnings estimates compiled by S&P Capital IQ anticipated -$0.42 per share. GAAP EPS were -$0.45 for Q4 against -$0.53 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 38.0%, 990 basis points better than the prior-year quarter. Operating margin was -2.9%, 10 basis points worse than the prior-year quarter. Net margin was -10.3%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $426.1 million. On the bottom line, the average EPS estimate is -$0.38.
Next year's average estimate for revenue is $2.19 billion. The average EPS estimate is $0.33.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 123 members out of 179 rating the stock outperform, and 56 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Ferrellgas Partners a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferrellgas Partners is underperform, with an average price target of $13.08.
If you are interested in gas utilities, then you'll want to read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Ferrellgas Partners to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.