World Fuel Services Misses on Revenues but Beats on EPS
World Fuel Services (NYS: INT) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), World Fuel Services missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank slightly.
Gross margins were steady, operating margins were steady, net margins dropped.
World Fuel Services booked revenue of $9.91 billion. The six analysts polled by S&P Capital IQ anticipated sales of $10.11 billion on the same basis. GAAP reported sales were 4.2% higher than the prior-year quarter's $9.51 billion.
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 $0.81. The six earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. GAAP EPS of $0.72 for Q3 were 2.7% lower than the prior-year quarter's $0.74 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 1.8%, about the same as the prior-year quarter. Operating margin was 0.7%, about the same as the prior-year quarter. Net margin was 0.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.42 billion. On the bottom line, the average EPS estimate is $0.73.
Next year's average estimate for revenue is $39.62 billion. The average EPS estimate is $2.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 311 members out of 326 rating the stock outperform, and 15 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give World Fuel Services a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on World Fuel Services is hold, with an average price target of $41.50.
Is World Fuel Services the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add World Fuel Services to My Watchlist.
The article World Fuel Services Misses on Revenues but Beats on EPS 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.