EV Energy Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EV Energy Partners whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share contracted to zero. GAAP earnings per share shrank to a loss.
Gross margins contracted, operating margins grew, net margins contracted.
EV Energy Partners reported revenue of $75.5 million. The eight analysts polled by S&P Capital IQ hoped for revenue of $85.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $66.8 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 $0.00. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.47 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS were -$0.23 for Q4 versus $0.26 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 62.1%, 280 basis points worse than the prior-year quarter. Operating margin was 41.6%, much better than the prior-year quarter. Net margin was -13.1%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $98.2 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $404.3 million. The average EPS estimate is $1.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 403 members out of 416 rating the stock outperform, and 13 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give EV Energy Partners a green thumbs-up, and two 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 $74.06.
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