EV Energy Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EV Energy Partners whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
EV Energy Partners booked revenue of $68.7 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $92.3 million on the same basis. GAAP reported sales were 6.7% higher than the prior-year quarter's $64.4 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 $0.40. The nine earnings estimates compiled by S&P Capital IQ averaged $0.41 per share. GAAP EPS were -$1.15 for Q3 against $2.40 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 59.1%, 520 basis points worse than the prior-year quarter. Operating margin was -55.1%, 20,440 basis points worse than the prior-year quarter. Net margin was -72.8%, 20,920 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $94.4 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $349.8 million. The average EPS estimate is $1.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 404 members out of 418 rating the stock outperform, and 14 members rating it underperform. Among 135 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give EV Energy 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 EV Energy Partners is outperform, with an average price target of $74.56.
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