The 10-second takeaway
For the quarter ended Dec. 31 (Q1), UGI 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.
Gross margins grew, operating margins grew, net margins dropped.
UGI reported revenue of $2.02 billion. The two analysts polled by S&P Capital IQ expected sales of $2.24 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $1.69 billion.
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 $0.90. The five earnings estimates compiled by S&P Capital IQ averaged $1.04 per share. GAAP EPS of $0.90 for Q1 were 17% higher than the prior-year quarter's $0.77 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 39.8%, 500 basis points better than the prior-year quarter. Operating margin was 14.9%, 360 basis points better than the prior-year quarter. Net margin was 5.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.77 billion. On the bottom line, the average EPS estimate is $1.54.
Next year's average estimate for revenue is $7.38 billion. The average EPS estimate is $2.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 138 rating the stock outperform, and seven members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give UGI a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UGI is buy, with an average price target of $38.25.
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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 recommends UGI. 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.