EV Energy Partners (Nasdaq: EVEP ) is expected to report Q3 earnings on Nov. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict EV Energy Partners's revenues will expand 45.1% and EPS will grow 4.9%.
The average estimate for revenue is $93.4 million. On the bottom line, the average EPS estimate is $0.43.
Last quarter, EV Energy Partners notched revenue of $63.6 million. GAAP reported sales were 8.7% lower than the prior-year quarter's $69.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.34. GAAP EPS of $0.34 for Q2 were 67% lower than the prior-year quarter's $1.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 56.1%, 1,200 basis points worse than the prior-year quarter. Operating margin was 44.2%, 2,330 basis points worse than the prior-year quarter. Net margin was 23.5%, 3,280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $351.8 million. The average EPS estimate is $1.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 404 members out of 418 rating the stock outperform, and 14 members rating it underperform. Among 135 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give EV Energy Partners 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 EV Energy Partners is outperform, with an average price target of $81.06.
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