Can Suburban Propane Partners Meet These Numbers?
Suburban Propane Partners (NYSE: SPH ) is expected to report Q3 earnings on Aug. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Suburban Propane Partners's revenues will shrink -5.0% and EPS will remain in the red.
The average estimate for revenue is $205.8 million. On the bottom line, the average EPS estimate is -$0.17.
Last quarter, Suburban Propane Partners recorded revenue of $357.6 million. GAAP reported sales were 23% lower than the prior-year quarter's $464.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.46. GAAP EPS of $1.38 for Q2 were 51% lower than the prior-year quarter's $2.81 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 21.8%, 580 basis points worse than the prior-year quarter. Operating margin was 15.7%, 780 basis points worse than the prior-year quarter. Net margin was 13.9%, 770 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.05 billion. The average EPS estimate is $1.56.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suburban Propane Partners is hold, with an average price target of $45.25.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Suburban Propane 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 Suburban Propane Partners to My Watchlist.