Macquarie Infrastructure Misses Where It Counts

Seth Jayson, The Motley Fool
Updated

Macquarie Infrastructure (NYS: MIC) reported earnings on Aug. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Macquarie Infrastructure beat slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.


Margins expanded across the board.

Revenue details
Macquarie Infrastructure booked revenue of $258.5 million. The three analysts polled by S&P Capital IQ expected sales of $254.8 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $247.2 million.

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

EPS details
EPS came in at $0.24. The one earnings estimate compiled by S&P Capital IQ forecast $0.25 per share. GAAP EPS were $0.24 for Q2 against -$0.05 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 37.8%, 120 basis points better than the prior-year quarter. Operating margin was 10.2%, 130 basis points better than the prior-year quarter. Net margin was 4.3%, 530 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $254.6 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $1.20.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 362 members out of 385 rating the stock outperform, and 23 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Macquarie Infrastructure a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Macquarie Infrastructure is buy, with an average price target of $39.00.

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The article Macquarie Infrastructure Misses Where It Counts originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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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