TECO Energy Whiffs on Revenues
TECO Energy (NYS: TE) reported earnings on Feb. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TECO Energy whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.
Gross margins improved, operating margins improved, net margins dropped.
TECO Energy logged revenue of $750.2 million. The six analysts polled by S&P Capital IQ expected to see a top line of $844.9 million. Sales were 3.2% lower than the prior-year quarter's $775 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.25. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.25 for Q4 were 3.8% lower than the prior-year quarter's $0.26 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 64.9%, 1,500 basis points better than the prior-year quarter. Operating margin was 17.4%, 80 basis points better than the prior-year quarter. Net margin was 7.1%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $693.8 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $3.50 billion. The average EPS estimate is $1.39.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 219 members out of 239 rating the stock outperform, and 20 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give TECO Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TECO Energy is hold, with an average price target of $19.06.
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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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