American States Water Misses on Both Revenue and Earnings
American States Water (NYS: AWR) filed its 10-K on March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), American States Water missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.
Margins dropped across the board.
American States Water tallied revenue of $95.2 million. The five analysts polled by S&P Capital IQ predicted a top line of $102.4 million on the same basis. GAAP reported sales were 8.2% lower than the prior-year quarter's $103.7 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 $0.35. The five earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. GAAP EPS of $0.35 for Q4 were 27% lower than the prior-year quarter's $0.48 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 62.7%, 570 basis points worse than the prior-year quarter. Operating margin was 16.3%, 650 basis points worse than the prior-year quarter. Net margin was 7.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $98.8 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $432.6 million. The average EPS estimate is $2.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 124 members out of 130 rating the stock outperform, and six members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give American States Water 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 American States Water is outperform, with an average price target of $39.50.
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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.