AGL Resources Catches Analysts Sleeping Again
AGL Resources (NYS: GAS) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AGL Resources missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins expanded, net margins dropped.
AGL Resources recorded revenue of $790.0 million. The four analysts polled by S&P Capital IQ expected a top line of $812.2 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $665.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.87. The eight earnings estimates compiled by S&P Capital IQ predicted $0.93 per share on the same basis. GAAP EPS of $0.36 for Q4 were 56% lower than the prior-year quarter's $0.81 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 33.8%, 460 basis points better than the prior-year quarter. Operating margin was 23.5%, 200 basis points better than the prior-year quarter. Net margin was 4.2%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $1.44.
Next year's average estimate for revenue is $2.53 billion. The average EPS estimate is $3.06.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGL Resources is hold, with an average price target of $41.29.
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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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