Aegean Marine Petroleum Network Misses on the Top and Bottom Lines
Aegean Marine Petroleum Network (NYS: ANW) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Aegean Marine Petroleum Network missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Aegean Marine Petroleum Network booked revenue of $1.73 billion. The four analysts polled by S&P Capital IQ wanted to see revenue of $1.76 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.11. The five earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. Non-GAAP EPS of $0.11 for Q4 were 21% lower than the prior-year quarter's $0.14 per share. GAAP EPS of $0.07 for Q4 were 50% lower than the prior-year quarter's $0.14 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 4.1%, 20 basis points worse than the prior-year quarter. Operating margin was 0.8%, 20 basis points worse than the prior-year quarter. Net margin was 0.2%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.86 billion. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $7.62 billion. The average EPS estimate is $1.01.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 563 members out of 585 rating the stock outperform, and 22 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Aegean Marine Petroleum Network a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.70.
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The article Aegean Marine Petroleum Network Misses on the Top and Bottom Lines originally appeared on Fool.com.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, backed by a real-money portfolio. 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.
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