York Water Beats on the Top Line
York Water (NAS: YORW) reported earnings on March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), York Water met expectations on revenues.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.
Margins dropped across the board.
York Water reported revenue of $10.1 million. The four analysts polled by S&P Capital IQ looked for a top line of $10.2 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $9.8 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 $0.16. The four earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.16 for Q4 were 5.9% lower than the prior-year quarter's $0.17 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 80.5%, 190 basis points worse than the prior-year quarter. Operating margin was 48.1%, 160 basis points worse than the prior-year quarter. Net margin was 21.1%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.2 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $42.7 million. The average EPS estimate is $0.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 67 members out of 72 rating the stock outperform, and five members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give York Water a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on York Water is outperform, with an average price target of $18.67.
Can your retirement portfolio provide you with enough income to last? You'll need more than York Water. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add York Water 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.