Lehigh Gas Partners (NYSE:LGP) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Lehigh Gas Partners Earnings Cheat Sheet
Revenue: Rose 4.41% to $467 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lehigh Gas Partners reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.36. It missed the average revenue estimate of $477.78 million.
Quoting Management: “We are extremely pleased by the strong financial performance of the Partnership in its initial quarter as a public company,” said Chairman and CEO Joe Topper. “Overall, it was an incredibly active quarter. We successfully completed our IPO and closed two transactions prior to year end. The Partnership finished the year in a strong financial position and expects the recently completed transactions to increase our cash flow in the coming year. We continue to look for attractive acquisition opportunities and are looking forward to our first full year as a public company,” Topper added.
Key Stats (on next page)…
Revenue increased 5.99% from $440.61 million in the previous quarter. EPS decreased to $-0.07 in the quarter versus EPS of $0.49 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.29 to a profit $0.34. For the current year, the average estimate is a profit of $2.68, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)