The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AGL Resources whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins shrank, net margins expanded.
AGL Resources reported revenue of $1.22 billion. The four analysts polled by S&P Capital IQ wanted to see a top line of $1.50 billion on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $790.0 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 $0.91. The six earnings estimates compiled by S&P Capital IQ averaged $0.96 per share. GAAP EPS of $0.84 for Q4 were 133% higher than the prior-year quarter's $0.36 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 29.1%, 470 basis points worse than the prior-year quarter. Operating margin was 17.1%, 640 basis points worse than the prior-year quarter. Net margin was 8.0%, 380 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.54 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $4.54 billion. The average EPS estimate is $2.99.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGL Resources is hold, with an average price target of $41.22.
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