The 10-second takeaway
For the quarter ended June 30 (Q3), AmeriGas Partners missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP loss per share contracted. GAAP loss per share contracted.
Margins grew across the board.
AmeriGas Partners chalked up revenue of $581.7 million. The five analysts polled by S&P Capital IQ anticipated revenue of $643.4 million on the same basis. GAAP reported sales were 1.7% higher than the prior-year quarter's $571.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.27. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.44 per share. Non-GAAP EPS were -$0.27 for Q3 compared to -$0.84 per share for the prior-year quarter. GAAP EPS were -$0.43 for Q3 versus -$1.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 47.4%, 580 basis points better than the prior-year quarter. Operating margin was 1.1%, 690 basis points better than the prior-year quarter. Net margin was -5.9%, 970 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $586.7 million. On the bottom line, the average EPS estimate is -$0.47.
Next year's average estimate for revenue is $3.29 billion. The average EPS estimate is $2.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 196 members out of 213 rating the stock outperform, and 17 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give AmeriGas Partners a green thumbs-up, and one 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 $42.94.
Can your portfolio provide you with enough income to last through retirement? You'll need more than AmeriGas Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add AmeriGas Partners to My Watchlist.
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. The Motley Fool has no position in any of the stocks mentioned. 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.