Pioneer Southwest Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pioneer Southwest Energy Partners beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved, and GAAP earnings per share dropped to a loss.
Gross margins expanded, operating margins dropped, and net margins contracted.
Pioneer Southwest Energy Partners reported revenue of $53.9 million. The five analysts polled by S&P Capital IQ expected revenue of $50.2 million. GAAP sales were 9.9% higher than the prior-year quarter's $49.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.77. The five earnings estimates compiled by S&P Capital IQ predicted $0.86 per share on the same basis. GAAP EPS were -$0.21 for Q4 against $0.14 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 75.2%, 230 basis points better than the prior-year quarter. Operating margin was -12.1%, 2,250 basis points worse than the prior-year quarter. Net margin was -12.8%, 2,230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $44.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $189.5 million. The average EPS estimate is $2.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 162 members rating the stock outperform and nine members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Pioneer Southwest Energy 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 Pioneer Southwest Energy Partners is hold, with an average price target of $28.75.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Pioneer Southwest Energy Partners. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Pioneer Southwest Energy Partners to My Watchlist.