Memorial Production Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Memorial Production Partners beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped. GAAP earnings per share grew.
Gross margins contracted, operating margins grew, net margins grew.
Memorial Production Partners booked revenue of $39.7 million. The five analysts polled by S&P Capital IQ foresaw revenue of $36.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $7.3 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 $0.26. The eight earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. Non-GAAP EPS of $0.26 for Q4 were 10% lower than the prior-year quarter's $0.29 per share. GAAP EPS were $0.19 for Q4 versus -$3.61 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 64.0%, 280 basis points worse than the prior-year quarter. Operating margin was 36.0%, much better than the prior-year quarter. Net margin was 27.9%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $44.3 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $191.2 million. The average EPS estimate is $1.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 17 members out of 17 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Memorial Production Partners 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 Memorial Production Partners is outperform, with an average price target of $21.60.
Is Memorial Production Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Memorial Production Partners to My Watchlist.
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.