Pioneer Southwest Energy Partners (NYS: PSE) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Pioneer Southwest Energy Partners beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share contracted significantly. GAAP earnings per share grew significantly.
Gross margins contracted, operating margins expanded, net margins increased.
Pioneer Southwest Energy Partners reported revenue of $47.7 million. The four analysts polled by S&P Capital IQ expected revenue of $44.4 million on the same basis. GAAP reported sales were 6.0% lower than the prior-year quarter's $50.7 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 six earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. Non-GAAP EPS of $0.46 for Q1 were 26% lower than the prior-year quarter's $0.62 per share. GAAP EPS of $0.48 for Q1 were 26% higher than the prior-year quarter's $0.38 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 61.7%, 920 basis points worse than the prior-year quarter. Operating margin was 38.2%, 960 basis points better than the prior-year quarter. Net margin was 36.0%, 930 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $47.0 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $192.4 million. The average EPS estimate is $2.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 176 members out of 186 rating the stock outperform, and 10 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Pioneer Southwest Energy Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Southwest Energy Partners is hold, with an average price target of $26.33.
Is Pioneer Southwest Energy Partners the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Add Pioneer Southwest Energy Partners to My Watchlist.
The article Pioneer Southwest Energy Partners Misses Where it Counts 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 position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.