Longwei Petroleum Investment Holding (AMEX: LPH) reported earnings on Nov. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Longwei Petroleum Investment Holding met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Gross margins grew, operating margins grew, net margins contracted.
Longwei Petroleum Investment Holding tallied revenue of $133.4 million. The one analyst polled by S&P Capital IQ expected to see sales of $132.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $118.6 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 $0.18. The one earnings estimate compiled by S&P Capital IQ forecast $0.15 per share. GAAP EPS of $0.17 for Q1 were 5.6% lower than the prior-year quarter's $0.18 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 19.1%, 50 basis points better than the prior-year quarter. Operating margin was 18.4%, 70 basis points better than the prior-year quarter. Net margin was 13.3%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $181.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $761.2 million. The average EPS estimate is $0.86.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Longwei Petroleum Investment Holding is buy, with an average price target of $5.06.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Longwei Petroleum Investment Holding to My Watchlist.
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.
More from The Motley Fool
Better Buy: Micron Technology Inc. vs. Qualcomm
Both tech stalwarts have their strengths, but one has superior growth prospects.
Earnings: 2 Hot Stocks to Watch Next Week
These two stocks have soared in the past 12 months. Can they continue to impress investors?
GameStop Corp: 5 Reasons to Buy, 5 Reasons to Sell
Is the struggling video game retailer a value stock or a value trap?