Central Vermont Public Service Misses on the Top and Bottom Lines
Central Vermont Public Service (NYS: CV) reported earnings on March 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Central Vermont Public Service missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Gross margin expanded, operating margin contracted, and net margin contracted.
Central Vermont Public Service tallied revenue of $90.3 million. The one analyst polled by S&P Capital IQ expected sales of $98.0 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $85.6 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 $0.40. The two earnings estimates compiled by S&P Capital IQ anticipated $0.43 per share on the same basis. GAAP EPS of $0.38 for Q4 were 2.6% lower than the prior-year quarter's $0.39 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 -27.8%, 430 basis points better than the prior-year quarter. Operating margin was 5.3%, 240 basis points worse than the prior-year quarter. Net margin was 5.7%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $100.5 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $379.9 million. The average EPS estimate is $1.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 82 members out of 86 rating the stock outperform, and four members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 18 give Central Vermont Public Service a green thumbs-up.
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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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