The 10-second takeaway
For the quarter ended March 31 (Q1), Questar beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped.
Margins contracted across the board.
Questar booked revenue of $476.9 million. The two analysts polled by S&P Capital IQ wanted to see a top line of $469.9 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $425.7 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 $0.41. The eight earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. GAAP EPS of $0.41 for Q1 were 2.4% lower than the prior-year quarter's $0.42 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 44.8%, 270 basis points worse than the prior-year quarter. Operating margin was 27.6%, 260 basis points worse than the prior-year quarter. Net margin was 15.3%, 240 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $255.1 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $1.34 billion. The average EPS estimate is $1.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 303 members out of 323 rating the stock outperform, and 20 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Questar 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 Questar is hold, with an average price target of $24.33.
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