Transmontaigne Partners Crushes Earnings Estimates
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.
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.
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 $0.65. 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.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
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.
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.
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 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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