Rhino Resource Partners Whiffs on Revenues
Rhino Resource Partners (NYS: RNO) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Rhino Resource Partners whiffed on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue dropped slightly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Rhino Resource Partners tallied revenue of $81.9 million. The four analysts polled by S&P Capital IQ predicted a top line of $93.4 million on the same basis. GAAP reported sales were 1.1% lower than the prior-year quarter's $82.8 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 $0.32. The four earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS of $0.32 for Q1 were 33% higher than the prior-year quarter's $0.24 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 28.7%, 340 basis points better than the prior-year quarter. Operating margin was 9.2%, 150 basis points better than the prior-year quarter. Net margin was 11.0%, 360 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $92.1 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $372.0 million. The average EPS estimate is $1.55.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rhino Resource Partners is outperform, with an average price target of $25.25.
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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. He is the 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 don't 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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