Rhino Resource Partners Beats on Both Top and Bottom Lines

Just the facts, Fool.

Seth Jayson
Seth Jayson
Nov 2, 2012 at 12:00AM
Other

Rhino Resource Partners (NYSE: RNO) reported earnings on Nov. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Rhino Resource Partners beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped.

Gross margins dropped, operating margins grew, net margins dropped.

Revenue details
Rhino Resource Partners tallied revenue of $93.6 million. The two analysts polled by S&P Capital IQ expected to see a top line of $82.6 million on the same basis. GAAP reported sales were 0.0% higher than the prior-year quarter's $93.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.31. The three earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS of $0.31 for Q3 were 14% lower than the prior-year quarter's $0.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.2%, 60 basis points worse than the prior-year quarter. Operating margin was 8.5%, 20 basis points better than the prior-year quarter. Net margin was 9.5%, 100 basis points worse than the prior-year quarter.


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Looking ahead
Next quarter's average estimate for revenue is $85.8 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $340.2 million. The average EPS estimate is $1.31.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 15 members out of 20 rating the stock outperform, and five members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Rhino Resource Partners a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rhino Resource Partners is hold, with an average price target of $16.50.

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