The 10-second takeaway
For the quarter ended June 30 (Q2), Transmontaigne Partners met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share contracted significantly.
Gross margins improved, operating margins increased, net margins shrank.
Transmontaigne Partners logged revenue of $38.4 million. The three analysts polled by S&P Capital IQ predicted sales of $38.2 million on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $36.8 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 $0.71. The three earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.71 for Q2 were 35% lower than the prior-year quarter's $1.09 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 57.9%, 480 basis points better than the prior-year quarter. Operating margin was 31.7%, 1,020 basis points better than the prior-year quarter. Net margin was 30.3%, 1,590 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $39.1 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $156.7 million. The average EPS estimate is $2.49.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 237 members out of 244 rating the stock outperform, and seven members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give Transmontaigne 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 Transmontaigne Partners is outperform, with an average price target of $36.00.
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