AGL Resources
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), AGL Resources whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew.
Margins grew across the board.
Revenue details
AGL Resources booked revenue of $614.0 million. The four analysts polled by S&P Capital IQ expected revenue of $764.8 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $295.0 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 $0.09. The eight earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS were $0.08 for Q3 against -$0.04 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 30.5%, 410 basis points better than the prior-year quarter. Operating margin was 9.1%, 100 basis points better than the prior-year quarter. Net margin was 1.5%, 250 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $4.33 billion. The average EPS estimate is $2.68.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGL Resources is hold, with an average price target of $41.38.
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