Integrys Energy Group Beats on EPS but GAAP Results Lag

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Integrys Energy Group (NYS: TEG) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Integrys Energy Group whiffed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.

Margins dropped across the board.

Revenue details
Integrys Energy Group booked revenue of $1.13 billion. The two analysts polled by S&P Capital IQ looked for a top line of $1.74 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $1.29 billion.

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

EPS details
Non-GAAP EPS came in at $1.01. The six earnings estimates compiled by S&P Capital IQ predicted $0.98 per share on the same basis. GAAP EPS of $0.49 for Q4 were 47% lower than the prior-year quarter's $0.92 per share.

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

Margin details
For the quarter, gross margin was 13.6%, 340 basis points worse than the prior-year quarter. Operating margin was 5.9%, 440 basis points worse than the prior-year quarter. Net margin was 3.4%, 220 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.62 billion. On the bottom line, the average EPS estimate is $1.68.

Next year's average estimate for revenue is $5.50 billion. The average EPS estimate is $3.58.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrys Energy Group is hold, with an average price target of $51.50.

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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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