EV Energy Partners Whiffs on Earnings
EV Energy Partners (NAS: EVEP) reported earnings Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EV Energy Partners whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share increased.
Margins expanded across the board.
EV Energy Partners logged revenue of $66.8 million. The five analysts polled by S&P Capital IQ anticipated revenue of $81.1 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $48.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.20. The four earnings estimates compiled by S&P Capital IQ averaged $0.58 per share on the same basis. GAAP EPS were $0.27 for Q4 against -$0.55 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 64.9%, 190 basis points better than the prior-year quarter. Operating margin was -6.4%, 1,820 basis points better than the prior-year quarter. Net margin was 14.5%, 4,440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $103.6 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $420.4 million. The average EPS estimate is $2.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 407 members rating the stock outperform and 15 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give EV Energy Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EV Energy Partners is buy, with an average price target of $97.14.
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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.