MDU Resources Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), MDU Resources Group beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share contracted to a loss.
Gross margins increased, operating margins grew, net margins dropped.
MDU Resources Group reported revenue of $1.17 billion. The two analysts polled by S&P Capital IQ anticipated a top line of $1.16 billion on the same basis. GAAP reported sales were 1.9% higher than the prior-year quarter's $1.15 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 $0.38. The seven earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS were -$0.16 for Q3 against $0.34 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 22.1%, 60 basis points better than the prior-year quarter. Operating margin was 10.7%, 30 basis points better than the prior-year quarter. Net margin was -2.5%, 810 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $4.04 billion. The average EPS estimate is $1.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 242 members out of 254 rating the stock outperform, and 12 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give MDU Resources Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MDU Resources Group is hold, with an average price target of $23.57.
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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. 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.