Niska Gas Storage Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Niska Gas Storage Partners whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Gross margins increased, operating margins contracted, net margins contracted.
Niska Gas Storage Partners reported revenue of $24.5 million. The seven analysts polled by S&P Capital IQ predicted revenue of $46.4 million on the same basis. GAAP reported sales were 30% lower than the prior-year quarter's $35.2 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 $0.07. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. GAAP EPS were -$0.22 for Q2 compared to $0.40 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 64.0%, 470 basis points better than the prior-year quarter. Operating margin was -22.8%, 12,820 basis points worse than the prior-year quarter. Net margin was -62.7%, 14,100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.9 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $177.4 million. The average EPS estimate is $0.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 132 members out of 139 rating the stock outperform, and seven members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Niska Gas Storage Partners a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Niska Gas Storage Partners is hold, with an average price target of $10.75.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Niska Gas Storage Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Niska Gas Storage Partners to My Watchlist.