AmeriGas Partners Crushes Earnings Estimates
AmeriGas Partners (NYS: APU) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), AmeriGas Partners missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins dropped, net margins dropped.
AmeriGas Partners booked revenue of $1.16 billion. The five analysts polled by S&P Capital IQ expected to see revenue of $1.24 billion on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $906.8 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 $1.82. The six earnings estimates compiled by S&P Capital IQ forecast $1.42 per share. GAAP EPS of $1.26 for Q2 were 36% lower than the prior-year quarter's $1.96 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 42.0%, 430 basis points better than the prior-year quarter. Operating margin was 16.9%, 20 basis points worse than the prior-year quarter. Net margin was 11.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $660.5 million. On the bottom line, the average EPS estimate is -$0.68.
Next year's average estimate for revenue is $3.20 billion. The average EPS estimate is -$0.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 192 members out of 209 rating the stock outperform, and 17 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give AmeriGas Partners 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 AmeriGas Partners is hold, with an average price target of $42.86.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
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