The 10-second takeaway
For the quarter ended June 30 (Q2), Copano Energy whiffed on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share grew.
Margins grew across the board.
Copano Energy reported revenue of $317.3 million. The three analysts polled by S&P Capital IQ looked for sales of $382.4 million on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $346.1 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 $0.14. The six earnings estimates compiled by S&P Capital IQ forecast $0.03 per share. GAAP EPS were $0.14 for Q2 versus -$0.26 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 17.2%, 260 basis points better than the prior-year quarter. Operating margin was 7.3%, 180 basis points better than the prior-year quarter. Net margin was 6.7%, 940 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $260.0 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is -$0.09.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 342 members out of 356 rating the stock outperform, and 14 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Copano Energy 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 Copano Energy is hold, with an average price target of $34.89.
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