Longwei Petroleum Investment Holding (AMEX: LPH) reported earnings on Nov. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Longwei Petroleum Investment Holding met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Gross margins grew, operating margins grew, net margins contracted.
Longwei Petroleum Investment Holding tallied revenue of $133.4 million. The one analyst polled by S&P Capital IQ expected to see sales of $132.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $118.6 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 $0.18. The one earnings estimate compiled by S&P Capital IQ forecast $0.15 per share. GAAP EPS of $0.17 for Q1 were 5.6% lower than the prior-year quarter's $0.18 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 19.1%, 50 basis points better than the prior-year quarter. Operating margin was 18.4%, 70 basis points better than the prior-year quarter. Net margin was 13.3%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $181.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $761.2 million. The average EPS estimate is $0.86.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Longwei Petroleum Investment Holding is buy, with an average price target of $5.06.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Longwei Petroleum Investment Holding to My Watchlist.