Natural Resource Partners Beats on Both Top and Bottom Lines
Natural Resource Partners (NYS: NRP) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Natural Resource Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.
Margins contracted across the board.
Natural Resource Partners booked revenue of $90.7 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $84.9 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $91.4 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 $0.46. The five earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.46 for Q2 were 4.2% lower than the prior-year quarter's $0.48 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 94.5%, 480 basis points worse than the prior-year quarter. Operating margin was 70.0%, 90 basis points worse than the prior-year quarter. Net margin was 55.1%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $88.2 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $354.1 million. The average EPS estimate is $1.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 361 members out of 389 rating the stock outperform, and 28 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Natural Resource Partners a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Natural Resource Partners is outperform, with an average price target of $30.00.
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The article Natural Resource Partners Beats on Both Top and Bottom Lines originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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