Niska Gas Storage Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Niska Gas Storage Partners whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Gross margins increased, operating margins contracted, net margins contracted.
Niska Gas Storage Partners reported revenue of $24.5 million. The seven analysts polled by S&P Capital IQ predicted revenue of $46.4 million on the same basis. GAAP reported sales were 30% lower than the prior-year quarter's $35.2 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 $0.07. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. GAAP EPS were -$0.22 for Q2 compared to $0.40 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 64.0%, 470 basis points better than the prior-year quarter. Operating margin was -22.8%, 12,820 basis points worse than the prior-year quarter. Net margin was -62.7%, 14,100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.9 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $177.4 million. The average EPS estimate is $0.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 132 members out of 139 rating the stock outperform, and seven members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Niska Gas Storage 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 Niska Gas Storage Partners is hold, with an average price target of $10.75.
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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. 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