Aegean Marine Petroleum Network Misses on the Top and Bottom Lines

Aegean Marine Petroleum Network (NYSE: ANW  ) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Aegean Marine Petroleum Network missed slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
Aegean Marine Petroleum Network booked revenue of $1.73 billion. The four analysts polled by S&P Capital IQ wanted to see revenue of $1.76 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.11. The five earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. Non-GAAP EPS of $0.11 for Q4 were 21% lower than the prior-year quarter's $0.14 per share. GAAP EPS of $0.07 for Q4 were 50% lower than the prior-year quarter's $0.14 per share.

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 4.1%, 20 basis points worse than the prior-year quarter. Operating margin was 0.8%, 20 basis points worse than the prior-year quarter. Net margin was 0.2%, 20 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.86 billion. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $7.62 billion. The average EPS estimate is $1.01.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 563 members out of 585 rating the stock outperform, and 22 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Aegean Marine Petroleum Network a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aegean Marine Petroleum Network is buy, with an average price target of $9.70.

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