Transmontaigne Partners Crushes Earnings Estimates

Seth Jayson, The Motley Fool
Updated

Transmontaigne Partners (NYS: TLP) reported earnings on March 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Transmontaigne Partners met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share grew.

Margins increased across the board.

Revenue details
Transmontaigne Partners logged revenue of $39.2 million. The four analysts polled by S&P Capital IQ predicted net sales of $39.0 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $39.5 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.65. The four earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS were $0.65 for Q4 versus -$0.25 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 59.7%, 1,100 basis points better than the prior-year quarter. Operating margin was 29.2%, 1,120 basis points better than the prior-year quarter. Net margin was 26.8%, 3,390 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $38.4 million. On the bottom line, the average EPS estimate is $0.60.

Next year's average estimate for revenue is $156.5 million. The average EPS estimate is $2.16.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 235 members out of 241 rating the stock outperform, and six members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Transmontaigne Partners a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Transmontaigne Partners is outperform, with an average price target of $33.50.

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At the time thisarticle 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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