The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Macquarie Infrastructure missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Macquarie Infrastructure reported revenue of $251.4 million. The three analysts polled by S&P Capital IQ expected to see revenue of $259.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.21. The one earnings estimate compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS were -$0.21 for Q4 against $0.26 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.6%, 40 basis points worse than the prior-year quarter. Operating margin was -10.6%, 2,050 basis points worse than the prior-year quarter. Net margin was -4.0%, 890 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $269.5 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 372 members out of 395 rating the stock outperform, and 23 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give Macquarie Infrastructure a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macquarie Infrastructure is buy, with an average price target of $50.25.
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