The 10-second takeaway
For the quarter ended Dec. 31 (Q1), AmeriGas Partners missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
AmeriGas Partners logged revenue of $876.6 million. The six analysts polled by S&P Capital IQ hoped for a top line of $973.8 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $683.8 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 $0.93. The seven earnings estimates compiled by S&P Capital IQ predicted $1.05 per share. GAAP EPS of $0.93 for Q1 were 69% higher than the prior-year quarter's $0.55 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 48.4%, 1,330 basis points better than the prior-year quarter. Operating margin was 16.6%, 730 basis points better than the prior-year quarter. Net margin was 11.0%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.30 billion. On the bottom line, the average EPS estimate is $2.38.
Next year's average estimate for revenue is $3.41 billion. The average EPS estimate is $2.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 189 members out of 207 rating the stock outperform, and 18 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give AmeriGas Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AmeriGas Partners is hold, with an average price target of $42.50.
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