Northwest Natural Gas Beats on Revenue, Matches Expectations on EPS
Northwest Natural Gas (NYS: NWN) reported earnings on May 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Northwest Natural Gas beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped slightly.
Margins expanded across the board.
Northwest Natural Gas booked revenue of $139.9 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $136.0 million on the same basis. GAAP reported sales were 1.7% lower than the prior-year quarter's $323.1 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 $1.51. The four earnings estimates compiled by S&P Capital IQ predicted $1.52 per share. GAAP EPS of $1.51 for Q1 were 1.3% lower than the prior-year quarter's $1.53 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 35.7%, 130 basis points better than the prior-year quarter. Operating margin was 24.8%, 70 basis points better than the prior-year quarter. Net margin was 12.8%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $72.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $383.9 million. The average EPS estimate is $2.56.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 130 members out of 136 rating the stock outperform, and six members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Northwest Natural Gas a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northwest Natural Gas is outperform, with an average price target of $48.38.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Northwest Natural Gas. 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 Northwest Natural Gas to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.