Suburban Propane Partners
The 10-second takeaway
For the quarter ended Dec. 29 (Q1), Suburban Propane Partners missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Suburban Propane Partners reported revenue of $490.7 million. The six analysts polled by S&P Capital IQ anticipated revenue of $544.9 million on the same basis. GAAP reported sales were 64% higher than the prior-year quarter's $299.9 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 $1.11. The nine earnings estimates compiled by S&P Capital IQ averaged $1.28 per share. GAAP EPS of $1.04 for Q1 were 60% higher than the prior-year quarter's $0.65 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 26.6%, 980 basis points better than the prior-year quarter. Operating margin was 17.2%, 710 basis points better than the prior-year quarter. Net margin was 12.2%, 450 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $705.7 million. On the bottom line, the average EPS estimate is $2.74.
Next year's average estimate for revenue is $1.87 billion. The average EPS estimate is $2.69.
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 $43.00.
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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 position in any of the stocks mentioned. 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.