The 10-second takeaway
For the quarter ended March 31 (Q1), Compressco Partners missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins expanded, net margins expanded.
Compressco Partners notched revenue of $30.8 million. The two analysts polled by S&P Capital IQ expected a top line of $32.4 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $22.5 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 $0.29. The three earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.29 for Q1 were 61% higher than the prior-year quarter's $0.18 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 43.5%, 410 basis points worse than the prior-year quarter. Operating margin was 17.2%, 360 basis points better than the prior-year quarter. Net margin was 14.8%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $33.0 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $133.2 million. The average EPS estimate is $1.38.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compressco Partners is hold, with an average price target of $20.33.
Is Compressco 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 Compressco Partners to My Watchlist.