EV Energy Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), EV Energy Partners missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. GAAP earnings per share shrank to a loss.
Gross margins grew, operating margins dropped, net margins dropped.
EV Energy Partners booked revenue of $73.7 million. The six analysts polled by S&P Capital IQ expected to see sales of $81.0 million on the same basis. GAAP reported sales were 5.2% lower than the prior-year quarter's $77.7 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 -$1.09. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.22 per share. GAAP EPS were -$1.09 for Q1 compared to $0.69 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 59.6%, 140 basis points better than the prior-year quarter. Operating margin was -8.7%, much worse than the prior-year quarter. Net margin was -63.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $82.8 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $339.2 million. The average EPS estimate is $1.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 395 members out of 410 rating the stock outperform, and 15 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give EV Energy Partners 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 EV Energy Partners is outperform, with an average price target of $65.14.
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