Holly Energy Partners Crushes Estimates
Holly Energy Partners (NYS: HEP) reported earnings on Feb. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Holly Energy Partners crushed expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Gross margin dropped, operating margin increased, and net margin increased.
Holly Energy Partners booked revenue of $68.3 million. The five analysts polled by S&P Capital IQ looked for net sales of $55.6 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $49.4 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 $0.97. The six earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. GAAP EPS of $0.97 for Q4 were 43% higher than the prior-year quarter's $0.68 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 72.6%, 160 basis points worse than the prior-year quarter. Operating margin was 57.0%, 390 basis points better than the prior-year quarter. Net margin was 35.6%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.1 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $255.3 million. The average EPS estimate is $3.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 90 members out of 102 rating the stock outperform, and 12 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Holly 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 Holly Energy Partners is hold, with an average price target of $56.60.
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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.
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