Capital Product Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Capital Product Partners missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share shrank.
Margins shrank across the board.
Capital Product Partners tallied revenue of $39.8 million. The six analysts polled by S&P Capital IQ anticipated revenue of $41.9 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $27.7 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 $0.05. The five earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.05 for Q1 were 17% lower than the prior-year quarter's $0.06 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 62.2%, 970 basis points worse than the prior-year quarter. Operating margin was 25.9%, 1,190 basis points worse than the prior-year quarter. Net margin was 8.1%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.3 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $164.2 million. The average EPS estimate is $0.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 158 members out of 163 rating the stock outperform, and five members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Capital Product 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 Capital Product Partners is outperform, with an average price target of $8.90.
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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.