Enterprise Products Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Enterprise Products Partners beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Margins improved across the board.
Enterprise Products Partners recorded revenue of $11.59 billion. The seven analysts polled by S&P Capital IQ expected revenue of $10.64 billion. Sales were 21% higher than the prior-year quarter's $9.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.82. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS were $0.82 for Q4 against -$1.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 8.1%, 60 basis points better than the prior-year quarter. Operating margin was 7.8%, 60 basis points better than the prior-year quarter. Net margin was 6.2%, 1,380 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $10.86 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $48.48 billion. The average EPS estimate is $2.63.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,182 members out of 1,204 rating the stock outperform, and 22 members rating it underperform. Among 399 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 396 give Enterprise Products Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enterprise Products Partners is buy, with an average price target of $48.89.
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