Capital Product Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Capital Product Partners met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Capital Product Partners recorded revenue of $38.0 million. The six analysts polled by S&P Capital IQ expected a top line of $38.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $30.9 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 six earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.06 for Q3 were 96% lower than the prior-year quarter's $1.52 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 67.0%, 130 basis points worse than the prior-year quarter. Operating margin was 29.1%, 730 basis points worse than the prior-year quarter. Net margin was 19.0%, 20,310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $39.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $153.7 million. The average EPS estimate is $0.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 175 members out of 179 rating the stock outperform, and four members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Capital Product 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 Capital Product Partners is outperform, with an average price target of $8.78.
Can your retirement portfolio provide you with enough income to last? You'll need more than Capital Product Partners. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Capital Product Partners to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.