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.
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