Natural Resource Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Natural Resource Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.
Margins contracted across the board.
Natural Resource Partners booked revenue of $90.7 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $84.9 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $91.4 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 $0.46. The five earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.46 for Q2 were 4.2% lower than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 94.5%, 480 basis points worse than the prior-year quarter. Operating margin was 70.0%, 90 basis points worse than the prior-year quarter. Net margin was 55.1%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $88.2 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $354.1 million. The average EPS estimate is $1.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 361 members out of 389 rating the stock outperform, and 28 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Natural Resource Partners a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Natural Resource Partners is outperform, with an average price target of $30.00.
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