The 10-second takeaway
For the quarter ended March 31 (Q1), Exterran Partners met expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue improved significantly and GAAP earnings per share increased.
Margins grew across the board.
Exterran Partners notched revenue of $88.7 million. The four analysts polled by S&P Capital IQ expected net sales of $89.0 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $68.7 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 $0.11. The three earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS were $0.09 for Q1 compared to -$0.01 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 50.3%, 420 basis points better than the prior-year quarter. Operating margin was 13.5%, 290 basis points better than the prior-year quarter. Net margin was 5.1%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $99.2 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $388.0 million. The average EPS estimate is $0.58.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 144 members out of 150 rating the stock outperform, and six members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Exterran 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 Exterran Partners is outperform, with an average price target of $27.90.
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