The 10-second takeaway
For the quarter ended March 31 (Q1), Energy Partners beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.
Margins expanded across the board.
Energy Partners reported revenue of $98.8 million. The two analysts polled by S&P Capital IQ hoped for net sales of $97.4 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $67.2 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 $0.34. The three earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS were $0.04 for Q1 versus -$0.36 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 81.2%, 420 basis points better than the prior-year quarter. Operating margin was 30.0%, 5,670 basis points better than the prior-year quarter. Net margin was 1.5%, 2,310 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $98.3 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $398.6 million. The average EPS estimate is $2.04.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 151 members out of 160 rating the stock outperform, and nine members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Energy Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Partners is buy, with an average price target of $20.67.
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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.