The 10-second takeaway
For the quarter ended Dec. 31 (Q1), WGL Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased.
Margins grew across the board.
WGL Holdings reported revenue of $686.7 million. The three analysts polled by S&P Capital IQ anticipated revenue of $748.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $727.8 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 $1.14. The six earnings estimates compiled by S&P Capital IQ forecast $1.04 per share. GAAP EPS of $1.01 for Q1 were 3.1% higher than the prior-year quarter's $0.98 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 23.5%, 220 basis points better than the prior-year quarter. Operating margin was 13.8%, 90 basis points better than the prior-year quarter. Net margin was 7.7%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $869.9 million. On the bottom line, the average EPS estimate is $1.56.
Next year's average estimate for revenue is $2.52 billion. The average EPS estimate is $2.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 74 members out of 77 rating the stock outperform, and three members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give WGL Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WGL Holdings is hold, with an average price target of $40.22.
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