Atlas Pipeline Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Atlas Pipeline Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Atlas Pipeline Partners recorded revenue of $292.3 million. The three analysts polled by S&P Capital IQ expected revenue of $327.7 million on the same basis. GAAP reported sales were 6.0% higher than the prior-year quarter's $275.7 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 $0.06. The four earnings estimates compiled by S&P Capital IQ forecast $0.32 per share. GAAP EPS of $0.06 for Q1 were 99% lower than the prior-year quarter's $4.36 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 15.4%, 70 basis points worse than the prior-year quarter. Operating margin was 4.9%, 110 basis points worse than the prior-year quarter. Net margin was 1.7%, 8,550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $343.8 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $1.56.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Pipeline Partners is outperform, with an average price target of $42.33.
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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.