WGL Holdings (NYS: WGL) reported earnings on Feb. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), WGL Holdings whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins contracted across the board.
WGL Holdings recorded revenue of $727.8 million. The four analysts polled by S&P Capital IQ hoped for revenue of $889.4 million. Sales were 8.6% lower than the prior-year quarter's $795.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.13. The seven earnings estimates compiled by S&P Capital IQ predicted $1.11 per share on the same basis. GAAP EPS of $0.98 for Q1 were 23% lower than the prior-year quarter's $1.28 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 21.3%, 140 basis points worse than the prior-year quarter. Operating margin was 12.9%, 190 basis points worse than the prior-year quarter. Net margin was 6.9%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $1.67.
Next year's average estimate for revenue is $2.89 billion. The average EPS estimate is $2.50.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 70 members out of 73 rating the stock outperform, and three members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give WGL Holdings a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WGL Holdings is hold, with an average price target of $40.38.
Can your portfolio provide you with enough income to last through retirement? You'll need more than WGL Holdings. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
Add WGL Holdings to My Watchlist.
At the time thisarticle 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.