Charting Chesapeake Utilities' Latest Earnings Release
Chesapeake Utilities (NYS: CPK) reported earnings on March 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chesapeake Utilities missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded.
Margins expanded across the board.
Chesapeake Utilities reported revenue of $104.0 million. The two analysts polled by S&P Capital IQ predicted sales of $114.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $117.8 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 $0.75. The three earnings estimates compiled by S&P Capital IQ averaged $0.76 per share on the same basis. GAAP EPS of $0.83 for Q4 were 12% higher than the prior-year quarter's $0.74 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 22.1%, 270 basis points better than the prior-year quarter. Operating margin was 14.9%, 240 basis points better than the prior-year quarter. Net margin was 7.7%, 170 basis points better than the prior-year quarter.
Next year's average estimate for revenue is $440.1 million. The average EPS estimate is $2.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 91 members out of 99 rating the stock outperform, and eight members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all of them give Chesapeake Utilities a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chesapeake Utilities is outperform, with an average price target of $46.00.
If you are interested in gas utilities, then you'll want to read our free report: "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Chesapeake Utilities to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.