Niska Gas Storage Partners Beats Expectations but Loses Ground Anyway
Niska Gas Storage Partners (NYS: NKA) reported earnings on May 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Niska Gas Storage Partners missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Gross margin improved, while operating margin and net margin dropped.
Niska Gas Storage Partners booked revenue of $57.3 million. The seven analysts polled by S&P Capital IQ predicted sales of $63 million on the same basis. GAAP-reported sales were 32% higher than the prior-year quarter's $43.3 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 $0.49. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.27 per share. GAAP EPS of $0.22 for Q4 were 46% lower than the prior-year quarter's $0.41 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 84.1%, 1,260 basis points better than the prior-year quarter. Operating margin was 48.6%, 2,990 basis points worse than the prior-year quarter. Net margin was 27.3%, 3,710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $49.5 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $209.1 million. The average EPS estimate is $0.32.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members rating the stock outperform and six members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Niska Gas Storage 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 Niska Gas Storage Partners is hold, with an average price target of $9.17.
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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.