Holly Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Holly Energy Partners met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins improved across the board.
Holly Energy Partners notched revenue of $63.5 million. The five analysts polled by S&P Capital IQ expected revenue of $64.1 million on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $45.0 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 $0.61. The six earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. GAAP EPS of $0.60 for Q1 were 13% higher than the prior-year quarter's $0.53 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 73.3%, 170 basis points better than the prior-year quarter. Operating margin was 53.9%, 230 basis points better than the prior-year quarter. Net margin was 25.9%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $65.3 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $264.4 million. The average EPS estimate is $3.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 97 members out of 109 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Holly 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 Holly Energy Partners is hold, with an average price target of $61.20.
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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.