Integrys Energy Group Whiffs on Revenues
Integrys Energy Group (NYS: TEG) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Integrys Energy Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Gross margins improved, operating margins dropped, and net margins expanded.
Integrys Energy Group reported revenue of $1.25 billion. The three analysts polled by S&P Capital IQ expected net sales of $1.72 billion on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $1.63 billion.
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 $1.55. The five earnings estimates compiled by S&P Capital IQ anticipated $1.58 per share. GAAP EPS of $1.24 for Q1 were 21% lower than the prior-year quarter's $1.56 per share. (The prior-year quarter included $0.00 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.4%, 100 basis points better than the prior-year quarter. Operating margin was 12.1%, 80 basis points worse than the prior-year quarter. Net margin was 7.9%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $5.14 billion. The average EPS estimate is $3.49.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrys Energy Group is hold, with an average price target of $53.25.
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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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