Can Suburban Propane Partners Meet These Numbers?

Seth Jayson, The Motley Fool
Updated

Suburban Propane Partners (NYSE: SPH) is expected to report Q3 earnings on Aug. 2. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Suburban Propane Partners's revenues will shrink -5.0% and EPS will remain in the red.

The average estimate for revenue is $205.8 million. On the bottom line, the average EPS estimate is -$0.17.

Revenue details
 Last quarter, Suburban Propane Partners recorded revenue of $357.6 million. GAAP reported sales were 23% lower than the prior-year quarter's $464.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $1.46. GAAP EPS of $1.38 for Q2 were 51% lower than the prior-year quarter's $2.81 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 21.8%, 580 basis points worse than the prior-year quarter. Operating margin was 15.7%, 780 basis points worse than the prior-year quarter. Net margin was 13.9%, 770 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.05 billion. The average EPS estimate is $1.56.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suburban Propane Partners is hold, with an average price target of $45.25.

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