The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tesoro Logistics missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins expanded, net margins increased.
Tesoro Logistics logged revenue of $47.7 million. The six analysts polled by S&P Capital IQ expected a top line of $48.6 million on the same basis. GAAP reported sales were 72% higher than the prior-year quarter's $27.8 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 $0.53. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.43 for Q4 were 16% higher than the prior-year quarter's $0.37 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 62.1%, 840 basis points worse than the prior-year quarter. Operating margin was 45.2%, 170 basis points better than the prior-year quarter. Net margin was 32.1%, 1,270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $56.9 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $285.3 million. The average EPS estimate is $2.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 41 members out of 42 rating the stock outperform, and one members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Tesoro Logistics a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tesoro Logistics is buy, with an average price target of $49.89.
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