Alon USA Energy
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Alon USA Energy beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Gross margins increased, operating margins dropped, net margins grew.
Alon USA Energy tallied revenue of $2.36 billion. The two analysts polled by S&P Capital IQ foresaw revenue of $2.18 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $2.04 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 $0.84. The five earnings estimates compiled by S&P Capital IQ anticipated $0.59 per share. GAAP EPS of $0.69 for Q3 were 50% higher than the prior-year quarter's $0.46 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 7.5%, 30 basis points better than the prior-year quarter. Operating margin was 3.9%, 10 basis points worse than the prior-year quarter. Net margin was 1.8%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.16 billion. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $7.60 billion. The average EPS estimate is $1.74.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 366 members out of 385 rating the stock outperform, and 19 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Alon USA Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alon USA Energy is hold, with an average price target of $12.80.
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