Alliance Resource Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Alliance Resource Partners beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share expanded.
Margins expanded across the board.
Alliance Resource Partners logged revenue of $553.6 million. The six analysts polled by S&P Capital IQ looked for net sales of $546.3 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $529.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $1.96. The seven earnings estimates compiled by S&P Capital IQ predicted $1.61 per share. GAAP EPS of $1.96 for Q2 were 7.1% higher than the prior-year quarter's $1.83 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 37.1%, 430 basis points better than the prior-year quarter. Operating margin was 20.9%, 100 basis points better than the prior-year quarter. Net margin was 13.3%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $550.6 million. On the bottom line, the average EPS estimate is $1.67.
Next year's average estimate for revenue is $2.20 billion. The average EPS estimate is $7.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 710 members out of 730 rating the stock outperform, and 20 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give Alliance Resource Partners a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alliance Resource Partners is outperform, with an average price target of $78.00.
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