Spectra Energy Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Spectra Energy Partners missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share stayed the same.
Gross margins increased, operating margins expanded, net margins dropped.
Revenue details
Spectra Energy Partners logged revenue of $57.2 million. The eight analysts polled by S&P Capital IQ expected to see net sales of $58.9 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $52.9 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 $0.40. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. GAAP EPS of $0.40 were the same as the prior-year quarter.
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 69.6%, 210 basis points better than the prior-year quarter. Operating margin was 48.4%, 450 basis points better than the prior-year quarter. Net margin was 80.6%, 160 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $59.5 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $238.2 million. The average EPS estimate is $1.68.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy Partners is hold, with an average price target of $32.83.
Can your retirement portfolio provide you with enough income to last? You'll need more than Spectra Energy Partners. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Spectra Energy Partners to My Watchlist.