National Fuel Gas Whiffs on Revenues
National Fuel Gas (NYS: NFG) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), National Fuel Gas whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins expanded, net margins dropped.
National Fuel Gas reported revenue of $552.3 million. The four analysts polled by S&P Capital IQ foresaw a top line of $619.8 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $660.9 million.
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 $0.89. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.89 per share. GAAP EPS of $0.81 for Q2 were 41% lower than the prior-year quarter's $1.38 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 40.9%, 500 basis points better than the prior-year quarter. Operating margin was 23.9%, 60 basis points better than the prior-year quarter. Net margin was 12.2%, 530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $401.3 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $1.79 billion. The average EPS estimate is $2.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 199 members out of 209 rating the stock outperform, and 10 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give National Fuel Gas a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Fuel Gas is outperform, with an average price target of $63.55.
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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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