The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Transmontaigne Partners missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Transmontaigne Partners reported revenue of $40.1 million. The three analysts polled by S&P Capital IQ predicted revenue of $41.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.48. The three earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. Non-GAAP EPS of $0.48 for Q4 were 26% lower than the prior-year quarter's $0.65 per share. GAAP EPS of $0.39 for Q4 were 40% lower than the prior-year quarter's $0.65 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.5%, much worse than the prior-year quarter. Operating margin was 20.1%, 870 basis points worse than the prior-year quarter. Net margin was 17.3%, 950 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $41.2 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $162.5 million. The average EPS estimate is $2.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 230 members out of 237 rating the stock outperform, and seven members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Transmontaigne Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Transmontaigne Partners is outperform, with an average price target of $39.67.
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