Copano Energy Increases Sales but Misses Revenue Estimate
Copano Energy (NAS: CPNO) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Copano Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share increased.
Margins dropped across the board.
Copano Energy logged revenue of $337.2 million. The three analysts polled by S&P Capital IQ expected to see a top line of $352.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $289.9 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 -$1.79. The seven earnings estimates compiled by S&P Capital IQ anticipated -$0.03 per share. GAAP EPS were -$2.20 for Q1 against -$0.07 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 13.7%, 190 basis points worse than the prior-year quarter. Operating margin was 3.2%, 190 basis points worse than the prior-year quarter. Net margin was -43.8%, 4,500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $422.5 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $0.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 336 members out of 351 rating the stock outperform, and 15 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Copano Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Copano Energy is outperform, with an average price target of $38.00.
Is Copano Energy 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 Copano Energy to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.