The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Copano Energy met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.
Gross margins expanded, operating margins were steady, net margins grew.
Copano Energy chalked up revenue of $366.4 million. The three analysts polled by S&P Capital IQ foresaw net sales of $365.7 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $353.7 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 $0.15. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share. GAAP EPS were $0.23 for Q3 versus -$2.51 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 15.2%, 140 basis points better than the prior-year quarter. Operating margin was 5.7%, about the same as the prior-year quarter. Net margin was 7.9%, 5,250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $379.5 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is -$0.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 342 members out of 358 rating the stock outperform, and 16 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 114 give Copano Energy 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 Copano Energy is hold, with an average price target of $34.50.
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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.