Charting Calpine's Latest Earnings Release
Calpine (NYS: CPN) reported earnings on Feb. 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Calpine beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP loss per share dropped.
Margins expanded across the board.
Calpine reported revenue of $2.21 billion. The five analysts polled by S&P Capital IQ predicted revenue of $1.85 billion on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $1.47 billion.
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 $0.40. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.43 per share on the same basis. GAAP EPS were -$0.03 for Q3 versus -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.3%, 760 basis points better than the prior-year quarter. Operating margin was 12.6%, 980 basis points better than the prior-year quarter. Net margin was -0.9%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $6.94 billion. The average EPS estimate is $0.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 213 members rating the stock outperform and 14 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Calpine a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Calpine is outperform, with an average price target of $18.18.
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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.