The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Transmontaigne Partners met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins expanded across the board.
Transmontaigne Partners reported revenue of $38.9 million. The three analysts polled by S&P Capital IQ looked for a top line of $38.9 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $37.1 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 $0.59. The three earnings estimates compiled by S&P Capital IQ anticipated $0.61 per share. GAAP EPS of $0.59 for Q3 were 28% higher than the prior-year quarter's $0.46 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 58.4%, 210 basis points better than the prior-year quarter. Operating margin was 27.0%, 300 basis points better than the prior-year quarter. Net margin was 25.3%, 460 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $41.0 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $157.2 million. The average EPS estimate is $2.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 239 members out of 246 rating the stock outperform, and seven members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 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 $38.00.
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