El Paso Pipeline Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), El Paso Pipeline Partners missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share contracted significantly.
Gross margins dropped, operating margins dropped, and net margins increased.
El Paso Pipeline Partners booked revenue of $362.0 million. The eight analysts polled by S&P Capital IQ predicted a top line of $385.2 million on the same basis. GAAP reported sales were 52% lower than the prior-year quarter's $761.9 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 $0.51. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.62 per share on the same basis. GAAP EPS of $0.36 for Q4 were 61% lower than the prior-year quarter's $0.93 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 70.2%, 190 basis points worse than the prior-year quarter. Operating margin was 54.1%, 250 basis points worse than the prior-year quarter. Net margin was 34.8%, 1,400 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $384.2 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $2.25.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 262 members out of 266 rating the stock outperform, and four members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give El Paso Pipeline Partners a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on El Paso Pipeline Partners is outperform, with an average price target of $38.42.
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