The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Exterran Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Exterran Partners logged revenue of $99.3 million. The five analysts polled by S&P Capital IQ wanted to see sales of $97.3 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $84.4 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 $0.21. The four earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.21 for Q3 were 250% higher than the prior-year quarter's $0.06 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 51.0%, 230 basis points better than the prior-year quarter. Operating margin was 17.1%, 360 basis points better than the prior-year quarter. Net margin was 10.5%, 660 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $98.5 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $381.7 million. The average EPS estimate is $0.57.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 144 members out of 150 rating the stock outperform, and six members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Exterran Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exterran Partners is outperform, with an average price target of $28.30.
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