The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Questar whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Gross margins grew, operating margins dropped, net margins dropped.
Questar reported revenue of $141.8 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $167.3 million on the same basis. GAAP reported sales were 3.3% lower than the prior-year quarter's $146.7 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 $0.19. The nine earnings estimates compiled by S&P Capital IQ forecast $0.18 per share. GAAP EPS of $0.19 for Q3 were 5.0% lower than the prior-year quarter's $0.20 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 95.9%, 880 basis points better than the prior-year quarter. Operating margin was 43.1%, 30 basis points worse than the prior-year quarter. Net margin was 23.8%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $392.7 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $1.29 billion. The average EPS estimate is $1.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 301 members out of 321 rating the stock outperform, and 20 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Questar 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 Questar is hold, with an average price target of $20.93.
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