EV Energy Partners Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

EV Energy Partners (NAS: EVEP) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), EV Energy Partners whiffed on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded.


Gross margins shrank, operating margins increased, net margins grew.

Revenue details
EV Energy Partners logged revenue of $77.7 million. The five analysts polled by S&P Capital IQ expected revenue of $96.1 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $61.0 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 $0.54. The six earnings estimates compiled by S&P Capital IQ forecast $0.51 per share. GAAP EPS were $0.69 for Q1 compared to -$1.14 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 58.2%, 730 basis points worse than the prior-year quarter. Operating margin was 5.8%, 5,280 basis points better than the prior-year quarter. Net margin was 36.8%, 9,250 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $97.4 million. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $403.6 million. The average EPS estimate is $2.20.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 401 members out of 416 rating the stock outperform, and 15 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give EV Energy Partners a green thumbs-up, and two 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 $94.33.

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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. 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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