Inergy (NYS: NRGY) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Inergy missed estimates on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share dropped.
Margins increased across the board.
Inergy recorded revenue of $371.6 million. The six analysts polled by S&P Capital IQ expected revenue of $399.0 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $388.7 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 -$0.08. The seven earnings estimates compiled by S&P Capital IQ anticipated -$0.19 per share. GAAP EPS were -$0.17 for Q3 compared to -$0.32 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.0%, 490 basis points better than the prior-year quarter. Operating margin was 2.4%, 460 basis points better than the prior-year quarter. Net margin was -5.9%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $408.2 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $2.13 billion. The average EPS estimate is $0.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 222 members out of 239 rating the stock outperform, and 17 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Inergy 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 Inergy is hold, with an average price target of $21.20.
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The article Fool Checkup: Inergy Earnings originally appeared on Fool.com.
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