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Does The Street Have MarkWest Energy Partners Figured Out?

Monday - 5/6/2013, 2:00am  ET

MarkWest Energy Partners is expected to report Q1 earnings on May 8. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MarkWest Energy Partners's revenues will grow 25.2% and EPS will wither -41.3%.

The average estimate for revenue is $438.9 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, MarkWest Energy Partners reported revenue of $371.5 million. GAAP reported sales were 14% lower than the prior-year quarter's $424.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.22. GAAP EPS were $0.22 for Q4 compared to -$0.87 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 60.7%, 420 basis points better than the prior-year quarter. Operating margin was 13.7%, much better than the prior-year quarter. Net margin was 8.7%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.89 billion. The average EPS estimate is $1.37.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MarkWest Energy Partners is outperform, with an average price target of $60.17.

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This article was originally published as Does The Street Have MarkWest Energy Partners Figured Out?on Fool.com

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