The 10-second takeaway
For the quarter ended June 30 (Q2), Exterran Partners beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share increased.
Gross margins expanded, operating margins expanded, and net margins shrank.
Exterran Partners booked revenue of $97.2 million. The four analysts polled by S&P Capital IQ predicted a top line of $95.9 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $71.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.18. The five earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS were -$0.47 for Q2 against -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.2%, 860 basis points better than the prior-year quarter. Operating margin was 15.9%, 670 basis points better than the prior-year quarter. Net margin was -19.6%, 1,690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $96.6 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $380.0 million. The average EPS estimate is $0.26.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 144 members out of 150 rating the stock outperform, and six members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Exterran Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exterran Partners is outperform, with an average price target of $27.50.
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