NV Energy Goes Red
NV Energy (NYS: NVE) filed its 10-K on Feb. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), NV Energy missed estimates on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.
Margins shrank across the board.
NV Energy logged revenue of $609.6 million. The two analysts polled by S&P Capital IQ foresaw revenue of $649.6 million on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $655.0 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 -$0.05. The nine earnings estimates compiled by S&P Capital IQ forecast $0.04 per share on the same basis. GAAP EPS were -$0.11 for Q4 compared to $0.06 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 43.1%, 210 basis points worse than the prior-year quarter. Operating margin was 12.6%, 340 basis points worse than the prior-year quarter. Net margin was -4.1%, 630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $674.6 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $3.24 billion. The average EPS estimate is $1.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 130 members out of 140 rating the stock outperform, and 10 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give NV Energy a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NV Energy is outperform, with an average price target of $16.91.
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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.