The 10-second takeaway
For the quarter ended March 31 (Q1), Transmontaigne Partners beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins shrank, operating margins grew, net margins grew.
Transmontaigne Partners reported revenue of $41.6 million. The three analysts polled by S&P Capital IQ predicted a top line of $41.2 million on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $38.8 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 $0.70. The three earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS of $0.70 for Q1 were 13% higher than the prior-year quarter's $0.62 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 59.8%, 510 basis points worse than the prior-year quarter. Operating margin was 29.9%, 200 basis points better than the prior-year quarter. Net margin was 27.7%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $41.7 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $164.1 million. The average EPS estimate is $2.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 231 members out of 238 rating the stock outperform, and seven members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 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 $49.67.
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