Atlas Energy, L.P
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Atlas Energy, L.P missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.
Gross margins increased, operating margins dropped, net margins contracted.
Atlas Energy, L.P recorded revenue of $354.9 million. The one analyst polled by S&P Capital IQ foresaw revenue of $377.9 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $416.8 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 $0.30. The one earnings estimate compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS were -$0.22 for Q3 versus $0.13 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 19.3%, 40 basis points better than the prior-year quarter. Operating margin was -2.9%, 1,640 basis points worse than the prior-year quarter. Net margin was -3.2%, 490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $421.1 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $0.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 233 members out of 252 rating the stock outperform, and 19 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Atlas Energy, L.P 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 Atlas Energy, L.P is outperform, with an average price target of $48.00.
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