The 10-second takeaway
For the quarter ended March 31 (Q1), Exterran Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins increased.
Exterran Holdings chalked up revenue of $811.4 million. The five analysts polled by S&P Capital IQ predicted revenue of $761.9 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $615.2 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 $0.21. The eight earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS were $0.21 for Q1 versus -$0.43 per share for the prior-year quarter. GAAP EPS of $0.77 for Q1 were much higher than the prior-year quarter's $0.09 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.8%, 300 basis points worse than the prior-year quarter. Operating margin was 7.1%, 550 basis points better than the prior-year quarter. Net margin was 6.2%, 530 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $759.2 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $3.12 billion. The average EPS estimate is $0.44.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 128 members out of 139 rating the stock outperform, and 11 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Exterran Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exterran Holdings is outperform, with an average price target of $30.60.
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