HollyFrontier (NYS: HFC) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), HollyFrontier beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins improved across the board.
HollyFrontier recorded revenue of $4.93 billion. The four analysts polled by S&P Capital IQ wanted to see a top line of $4.53 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $2.33 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 $1.16. The 12 earnings estimates compiled by S&P Capital IQ averaged $1.23 per share. GAAP EPS of $1.16 for Q1 were 47% higher than the prior-year quarter's $0.79 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 10.2%, 130 basis points better than the prior-year quarter. Operating margin was 8.5%, 170 basis points better than the prior-year quarter. Net margin was 4.9%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.20 billion. On the bottom line, the average EPS estimate is $1.91.
Next year's average estimate for revenue is $19.69 billion. The average EPS estimate is $5.67.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 696 members out of 728 rating the stock outperform, and 32 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give HollyFrontier a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HollyFrontier is outperform, with an average price target of $37.92.
Can your portfolio provide you with enough income to last through retirement? You'll need more than HollyFrontier. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
Add HollyFrontier 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.