Alon USA Energy Goes Negative
Alon USA Energy (NYS: ALJ) reported earnings on May 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Alon USA Energy beat expectations on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue improved and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Alon USA Energy notched revenue of $1.79 billion. The two analysts polled by S&P Capital IQ anticipated revenue of $1.72 billion on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $1.64 billion.
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 $0.15. The four earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS were -$0.52 for Q1 against $0.22 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.1%, 500 basis points worse than the prior-year quarter. Operating margin was -0.6%, 510 basis points worse than the prior-year quarter. Net margin was -1.6%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $8.96 billion. The average EPS estimate is $1.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 376 members out of 395 rating the stock outperform, and 19 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Alon USA Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alon USA Energy is hold, with an average price target of $10.25.
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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. He is the 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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