UIL Holdings's Earnings Beat Last Year's by 100%
UIL Holdings (NYS: UIL) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), UIL Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins expanded, operating margins contracted, net margins expanded.
UIL Holdings logged revenue of $373.9 million. The three analysts polled by S&P Capital IQ predicted revenue of $426.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $334.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.42. The four earnings estimates compiled by S&P Capital IQ predicted $0.46 per share on the same basis. GAAP EPS of $0.41 for Q4 were 95% higher than the prior-year quarter's $0.21 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 34.8%, 490 basis points better than the prior-year quarter. Operating margin was 12.1%, 120 basis points worse than the prior-year quarter. Net margin was 5.7%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $644.0 million. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $1.68 billion. The average EPS estimate is $2.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 61 members out of 65 rating the stock outperform, and four members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give UIL Holdings 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 UIL Holdings is hold, with an average price target of $34.86.
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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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