Ferrellgas Partners Beats Analyst Estimates on EPS
Ferrellgas Partners (NYS: FGP) reported earnings on Friday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q3), Ferrellgas Partners missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Margins increased across the board.
Ferrellgas Partners reported revenue of $629.6 million. The four analysts polled by S&P Capital IQ anticipated sales of $694.4 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $732.4 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 $0.27. The seven earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.26 for Q3 were much higher than the prior-year quarter's $0.04 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 28.4%, 260 basis points better than the prior-year quarter. Operating margin was 7.4%, 60 basis points better than the prior-year quarter. Net margin was 3.3%, 290 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $422.3 million. On the bottom line, the average EPS estimate is -$0.36.
Next year's average estimate for revenue is $2.47 billion. The average EPS estimate is -$0.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 124 members rating the stock outperform and 44 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Ferrellgas Partners a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferrellgas Partners is underperform, with an average price target of $13.00.
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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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