Integrys Energy Group Whiffs on Revenues

Seth Jayson, The Motley Fool
Updated

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.

Revenue details
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.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
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.)

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
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.

Looking ahead
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.

Investor sentiment
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 thisarticle 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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