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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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 position in any of the stocks mentioned. 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.
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