Why Exterran Holdings (EXH) Stock Is Up Today

NEW YORK (TheStreet) -- Exterran Holdings (EXH) was gaining 7.9% to $45.29 Tuesday after beating analysts' estimates for earnings in the first quarter.

For the first quarter Exterran reported earnings of 18 cents a share, 5 cents above the Capital IQ Consensus Estimate of 13 cents a share. Revenue fell -20.8% from the year-ago quarter to $643 million. Analysts expected revenue of $680.99 million for the quarter.

The company said fabrication backlog as of March 31, 2014 was $669.1 million, compares to $679.9 million as of December 31, 2013, and $994 million as of March 31, 2013.

"First quarter highlights included continued solid performance in all of our business segments and improved profitability in our fabrication operations, which reflect sustained improvement from our performance improvement initiatives," president and CEO Brad Childers said. "We are pleased by recent awards of significant new contract operations projects in Latin America and Exterran Partners' April 2014 acquisition of compression assets from MidCon Compression L.L.C."

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TheStreet Ratings team rates EXTERRAN HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXTERRAN HOLDINGS INC (EXH) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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