Great Plains Energy Whiffs on Earnings
Great Plains Energy (NYS: GXP) reported earnings on Tuesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Great Plains Energy beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew, and GAAP earnings per share grew.
Gross margins dropped, operating margins increased, and net margins improved.
Great Plains Energy booked revenue of $486.3 million. The two analysts polled by S&P Capital IQ predicted a top line of $476.3 million on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $467.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.01. The seven earnings estimates compiled by S&P Capital IQ averaged $0.03 per share. GAAP EPS were $0.01 for Q4 against -$0.04 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 34.1%, 140 basis points worse than the prior-year quarter. Operating margin was 12.4%, 560 basis points better than the prior-year quarter. Net margin was 0.4%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $503.3 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $2.35 billion. The average EPS estimate is $1.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 151 members rating the stock outperform and 19 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Great Plains Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Great Plains Energy is hold, with an average price target of $20.67.
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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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