Aegean Marine Petroleum Network
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Aegean Marine Petroleum Network met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share grew.
Gross margins grew, operating margins were steady, net margins expanded.
Aegean Marine Petroleum Network logged revenue of $1.83 billion. The three analysts polled by S&P Capital IQ foresaw revenue of $1.83 billion on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $1.84 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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS were $0.17 for Q3 compared to -$0.08 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 4.1%, 60 basis points better than the prior-year quarter. Operating margin was 0.8%, about the same as the prior-year quarter. Net margin was 0.4%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.88 billion. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $7.41 billion. The average EPS estimate is $0.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 567 members out of 589 rating the stock outperform, and 22 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Aegean Marine Petroleum Network a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.63.
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