Pioneer Southwest Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pioneer Southwest Energy Partners beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Gross margins shrank, operating margins increased, net margins expanded.
Pioneer Southwest Energy Partners booked revenue of $46.2 million. The six analysts polled by S&P Capital IQ looked for revenue of $44.2 million on the same basis. GAAP reported sales were 6.3% lower than the prior-year quarter's $53.9 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 $0.50. The six earnings estimates compiled by S&P Capital IQ forecast $0.49 per share. GAAP EPS were $0.65 for Q4 against -$0.21 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 65.2%, 1,000 basis points worse than the prior-year quarter. Operating margin was 48.0%, 6,010 basis points better than the prior-year quarter. Net margin was 46.0%, 5,880 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $45.4 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $187.1 million. The average EPS estimate is $2.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 175 members out of 185 rating the stock outperform, and 10 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Pioneer Southwest Energy Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Southwest Energy Partners is hold, with an average price target of $25.70.
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