Holly Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Holly Energy Partners crushed expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Gross margin dropped, operating margin increased, and net margin increased.
Holly Energy Partners booked revenue of $68.3 million. The five analysts polled by S&P Capital IQ looked for net sales of $55.6 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $49.4 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 $0.97. The six earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. GAAP EPS of $0.97 for Q4 were 43% higher than the prior-year quarter's $0.68 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 72.6%, 160 basis points worse than the prior-year quarter. Operating margin was 57.0%, 390 basis points better than the prior-year quarter. Net margin was 35.6%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.1 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $255.3 million. The average EPS estimate is $3.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 90 members out of 102 rating the stock outperform, and 12 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Holly 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 Holly Energy Partners is hold, with an average price target of $56.60.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.