Sunoco Logistics Partners Crushes Estimates
Sunoco Logistics Partners (NYS: SXL) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Sunoco Logistics Partners crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share expanded significantly.
Gross margins expanded, operating margins improved, net margins shrank.
Sunoco Logistics Partners booked revenue of $3.38 billion. The seven analysts polled by S&P Capital IQ expected a top line of $2.64 billion. Sales were 52% higher than the prior-year quarter's $2.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.99. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.64 per share on the same basis. GAAP EPS of $0.78 for Q4 were 28% higher than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 6.0%, 60 basis points better than the prior-year quarter. Operating margin was 4.6%, 90 basis points better than the prior-year quarter. Net margin was 2.2%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.55 billion. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $11.02 billion. The average EPS estimate is $2.41.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 154 members out of 166 rating the stock outperform, and 12 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Sunoco Logistics 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 Sunoco Logistics Partners is hold, with an average price target of $34.06.
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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 don't 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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