AmeriGas Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), AmeriGas Partners missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share grew.
Gross margins increased, operating margins dropped, net margins contracted.
Revenue details
AmeriGas Partners tallied revenue of $510.3 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $526.8 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $460.1 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 -$0.86. The six earnings estimates compiled by S&P Capital IQ predicted -$0.89 per share. GAAP EPS were -$0.86 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.
Margin details
For the quarter, gross margin was 46.7%, 1,280 basis points better than the prior-year quarter. Operating margin was -9.0%, 640 basis points worse than the prior-year quarter. Net margin was -14.9%, 510 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.01 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $3.81 billion. The average EPS estimate is $2.46.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 193 members out of 211 rating the stock outperform, and 18 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give AmeriGas Partners a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmeriGas Partners is hold, with an average price target of $42.36.
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