Suburban Propane Partners
The 10-second takeaway
For the quarter ended Sep. 29 (Q4), Suburban Propane Partners missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share increased.
Gross margins grew, operating margins dropped, net margins dropped.
Suburban Propane Partners booked revenue of $226.3 million. The five analysts polled by S&P Capital IQ expected revenue of $248.4 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $181.6 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 -$0.86. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.75 per share. GAAP EPS were -$1.29 for Q4 against -$0.61 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 5.2%, 30 basis points better than the prior-year quarter. Operating margin was -12.7%, 620 basis points worse than the prior-year quarter. Net margin was -27.2%, 1,530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $576.0 million. On the bottom line, the average EPS estimate is $1.26.
Next year's average estimate for revenue is $1.90 billion. The average EPS estimate is $2.71.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suburban Propane Partners is hold, with an average price target of $42.33.
Can your retirement portfolio provide you with enough income to last? You'll need more than Suburban Propane Partners. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Suburban Propane Partners to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.