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UGI Corporation (UGI) Q3 Earnings Beat, Revenues Up Y/Y
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UGI Corporation (UGI - Free Report) delivered fourth-quarter fiscal 2018 adjusted earnings of 9 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 4 cents. Moreover, the bottom line improved from the prior-year quarter’s loss of 2 cents.
Excluding one-time items, the company reported GAAP earnings of 14 cents per share in the reported quarter, significantly ahead of the year-ago quarter’s figure of 3 cents.
Revenues
Revenues of $1,273.1 million in the quarter under review surpassed the Zacks Consensus Estimate of $1,213 million by 5%. Also, the top line improved 14.3% from the year-ago figure of $1,113.9 million.
Revenue growth can primarily be attributable to volume expansion across all segments on account of warmer weather compared with the previous year’s temperatures.
DTE Energy Company (DTE - Free Report) reported third-quarter 2018 operating earnings per share of $2.13, which outpaced the Zacks Consensus Estimate of $1.74 by 22.4%. It has a Zacks Rank #3 (Hold).
NextEra Energy (NEE - Free Report) posted third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%. The stock holds a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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UGI Corporation (UGI) Q3 Earnings Beat, Revenues Up Y/Y
UGI Corporation (UGI - Free Report) delivered fourth-quarter fiscal 2018 adjusted earnings of 9 cents per share, comparing favorably with the Zacks Consensus Estimate of a loss of 4 cents. Moreover, the bottom line improved from the prior-year quarter’s loss of 2 cents.
Excluding one-time items, the company reported GAAP earnings of 14 cents per share in the reported quarter, significantly ahead of the year-ago quarter’s figure of 3 cents.
Revenues
Revenues of $1,273.1 million in the quarter under review surpassed the Zacks Consensus Estimate of $1,213 million by 5%. Also, the top line improved 14.3% from the year-ago figure of $1,113.9 million.
Revenue growth can primarily be attributable to volume expansion across all segments on account of warmer weather compared with the previous year’s temperatures.
UGI Corporation Price, Consensus and EPS Surprise
UGI Corporation Price, Consensus and EPS Surprise | UGI Corporation Quote
Operational Highlights
Operating earnings in the quarter under discussion were $54.3 million compared with $27.6 million in the year-ago period.
Total interest expenses amounted to $57.3 million, up 3.2% from the prior-year figure.
Guidance
UGI Corporation issued its EPS view for fiscal year 2019 in the range of $2.75-$2.95 per share.
Zacks Rank
UGI Corporation currently has a Zacks Rank #4 (Sell).
Recent Utility Releases
American Electric Power (AEP - Free Report) released third-quarter 2018 operating earnings per share of $1.26, surpassing the Zacks Consensus Estimate of $1.23 by 2.4%. The company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DTE Energy Company (DTE - Free Report) reported third-quarter 2018 operating earnings per share of $2.13, which outpaced the Zacks Consensus Estimate of $1.74 by 22.4%. It has a Zacks Rank #3 (Hold).
NextEra Energy (NEE - Free Report) posted third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%. The stock holds a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>