The 10-second takeaway
For the quarter ended Dec. 31 (Q4), HollyFrontier beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share expanded significantly.
Margins grew across the board.
HollyFrontier booked revenue of $5.15 billion. The five analysts polled by S&P Capital IQ looked for revenue of $5.04 billion 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 $1.92. The 16 earnings estimates compiled by S&P Capital IQ predicted $2.24 per share. GAAP EPS of $1.92 for Q4 were 81% higher than the prior-year quarter's $1.06 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 15.1%, 570 basis points better than the prior-year quarter. Operating margin was 13.1%, 540 basis points better than the prior-year quarter. Net margin was 7.6%, 310 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.48 billion. On the bottom line, the average EPS estimate is $1.74.
Next year's average estimate for revenue is $18.83 billion. The average EPS estimate is $6.76.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 792 members out of 825 rating the stock outperform, and 33 members rating it underperform. Among 235 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 232 give HollyFrontier a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HollyFrontier is outperform, with an average price target of $50.67.
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