Pike Electric Misses on Revenues but Beats on EPS
Pike Electric (NYS: PIKE) reported earnings today. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Pike Electric missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Pike Electric booked revenue of $172.0 million. The six analysts polled by S&P Capital IQ predicted a top line of $176.3 million. Sales were 16% higher than the prior-year quarter's $148.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.14. The five earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. GAAP EPS of $0.14 for Q2 were 367% higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 14.8%, 360 basis points better than the prior-year quarter. Operating margin was 5.6%, 300 basis points better than the prior-year quarter. Net margin was 2.8%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $172.6 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $698.0 million. The average EPS estimate is $0.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 81 members out of 89 rating the stock outperform, and eight members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Pike Electric a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pike Electric is outperform, with an average price target of $12.63.
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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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