Laclede Group (NYS: LG) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Laclede Group whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped. GAAP earnings per share dropped significantly.
Gross margins increased, operating margins dropped, net margins shrank.
Laclede Group logged revenue of $165.3 million. The two analysts polled by S&P Capital IQ foresaw a top line of $228.9 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $186.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.36. The four earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. Non-GAAP EPS of $0.36 for Q3 were 10% lower than the prior-year quarter's $0.40 per share. GAAP EPS of $0.25 for Q3 were 34% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 23.6%, 410 basis points better than the prior-year quarter. Operating margin was 7.4%, 70 basis points worse than the prior-year quarter. Net margin was 4.0%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $216.9 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $1.13 billion. The average EPS estimate is $2.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 146 members out of 161 rating the stock outperform, and 15 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Laclede Group 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 Laclede Group is outperform, with an average price target of $48.50.
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The article Laclede Group Beats on EPS But GAAP Results Lag originally appeared on Fool.com.
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