Pioneer Southwest Energy Partners Meets on Revenues, Misses on EPS
Pioneer Southwest Energy Partners (NYS: PSE) reported earnings May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Pioneer Southwest Energy Partners met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share improved.
Gross margins dropped, operating margins expanded, net margins grew.
Pioneer Southwest Energy Partners tallied revenue of $50.7 million. The one analyst polled by S&P Capital IQ predicted revenue of $50.7 million on the same basis. GAAP reported sales were 1.9% higher than the prior-year quarter's $49.8 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 $0.62. The five earnings estimates compiled by S&P Capital IQ predicted $0.64 per share. GAAP EPS were $0.38 for Q1 compared to -$0.38 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 70.9%, 380 basis points worse than the prior-year quarter. Operating margin was 27.7%, 5,290 basis points better than the prior-year quarter. Net margin was 26.8%, 5,240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $44.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $187.0 million. The average EPS estimate is $2.71.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 174 members out of 182 rating the stock outperform, and eight members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Pioneer Southwest 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 Pioneer Southwest Energy Partners is hold, with an average price target of $28.25.
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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 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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