Rose Rock Midstream
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Rose Rock Midstream missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped. GAAP earnings per share grew.
Margins shrank across the board.
Rose Rock Midstream notched revenue of $151.7 million. The two analysts polled by S&P Capital IQ foresaw revenue of $161.1 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $132.2 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 $0.37. The three earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. Non-GAAP EPS of $0.37 for Q4 were 2.6% lower than the prior-year quarter's $0.38 per share. GAAP EPS were $0.27 for Q4 against -$0.38 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 11.6%, 260 basis points worse than the prior-year quarter. Operating margin was 3.4%, 290 basis points worse than the prior-year quarter. Net margin was 3.0%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $191.8 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $1.00 billion. The average EPS estimate is $1.35.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 11 members out of 11 rating the stock outperform, and members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Rose Rock Midstream 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 Rose Rock Midstream is outperform, with an average price target of $33.50.
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