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UGI (UGI) Up 3.5% Since Last Earnings Report: Can It Continue?

A month has gone by since the last earnings report for UGI (UGI). Shares have added about 3.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is UGI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

UGI Corporation Q1 Earnings Miss Estimates, Revenues Up Y/Y

UGI Corporation reported first-quarter fiscal 2019 adjusted earnings of 81 cents per share, which missed the Zacks Consensus Estimate of $1.12 by 27.68%. The bottom line declined 19.8% from the prior-year quarter’s tally of $1.01.

Excluding one-time items, the company reported GAAP earnings of 36 cents per share in the reported quarter compared with the year-ago quarter’s figure of $2.07.

Revenues

Revenues of $2,200.2 million in the quarter under review surpassed the Zacks Consensus Estimate of $2,043 million by 7.68%. Also, the top line improved 3.5% from the year-ago quarter’s figure of $2,125.2 million.

Operational Highlights

Total operating income in the quarter under review was $167.7 million compared with $395 million in the year-ago quarter.

Total interest expenses amounted to $60.2 million, up 3.4% from the prior-year quarter’s tally.

 


How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in fresh estimates.

VGM Scores

At this time, UGI has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Notably, UGI has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.


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