How the Wheels Came Off Genesis Energy's Bus
Genesis Energy (NYS: GEL) filed its 10-K on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Genesis Energy beat slightly on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded significantly.
Gross margin shrank, operating margin increased, and net margin expanded.
Genesis Energy notched revenue of $806.9 million. The five analysts polled by S&P Capital IQ expected revenue of $798.9 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $602.2 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 $0.18. The eight earnings estimates compiled by S&P Capital IQ predicted $0.30 per share on the same basis. GAAP EPS of $0.11 for Q4 were 450% higher than the prior-year quarter's $0.02 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 5.4%, 70 basis points worse than the prior-year quarter. Operating margin was 1.9%, 1,280 basis points better than the prior-year quarter. Net margin was 1.0%, 1,340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $864.6 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $3.64 billion. The average EPS estimate is $1.08.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 252 members out of 261 rating the stock outperform, and nine members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Genesis Energy a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Genesis Energy is outperform, with an average price target of $30.01.
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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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