EV Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EV Energy Partners whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share increased.
Margins expanded across the board.
EV Energy Partners logged revenue of $66.8 million. The five analysts polled by S&P Capital IQ anticipated revenue of $81.1 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $48.4 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 $0.20. The four earnings estimates compiled by S&P Capital IQ averaged $0.58 per share on the same basis. GAAP EPS were $0.27 for Q4 against -$0.55 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 64.9%, 190 basis points better than the prior-year quarter. Operating margin was -6.4%, 1,820 basis points better than the prior-year quarter. Net margin was 14.5%, 4,440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $103.6 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $420.4 million. The average EPS estimate is $2.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 407 members rating the stock outperform and 15 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give EV Energy Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EV Energy Partners is buy, with an average price target of $97.14.
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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.