The 10-second takeaway
For the quarter ended March 31 (Q1), Transmontaigne Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share contracted.
Gross margins grew, operating margins dropped, net margins dropped.
Transmontaigne Partners chalked up revenue of $38.8 million. The three analysts polled by S&P Capital IQ expected revenue of $37.8 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $39.1 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 $0.62. The two earnings estimates compiled by S&P Capital IQ forecast $0.53 per share. GAAP EPS of $0.70 for Q1 were 1.4% lower than the prior-year quarter's $0.71 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 64.0%, 50 basis points better than the prior-year quarter. Operating margin was 27.9%, 350 basis points worse than the prior-year quarter. Net margin was 26.1%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $38.1 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $156.2 million. The average EPS estimate is $2.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 236 members out of 242 rating the stock outperform, and six members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Transmontaigne Partners a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Transmontaigne Partners is outperform, with an average price target of $36.00.
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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.