Enterprise Products Partners (NYSE: EPD ) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Enterprise Products Partners missed slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share increased.
Margins grew across the board.
Enterprise Products Partners booked revenue of $11.38 billion. The 10 analysts polled by S&P Capital IQ predicted net sales of $11.61 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.83. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS of $0.83 for Q1 were 14% higher than the prior-year quarter's $0.73 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 8.5%, 150 basis points better than the prior-year quarter. Operating margin was 8.0%, 140 basis points better than the prior-year quarter. Net margin was 6.6%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $11.44 billion. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $47.45 billion. The average EPS estimate is $2.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,320 members out of 1,346 rating the stock outperform, and 26 members rating it underperform. Among 391 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 389 give Enterprise Products 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 Enterprise Products Partners is outperform, with an average price target of $61.19.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Enterprise Products 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 Enterprise Products Partners to My Watchlist.