PPL Outruns Estimates Again
PPL (NYS: PPL) reported earnings on May 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PPL crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased.
Margins dropped across the board.
PPL logged revenue of $4.11 billion. The five analysts polled by S&P Capital IQ foresaw sales of $3.14 billion on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $2.91 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 $0.70. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.66 per share. GAAP EPS of $0.93 for Q1 were 13% higher than the prior-year quarter's $0.82 per share. (The prior-year quarter included $0.01 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 34.2%, 310 basis points worse than the prior-year quarter. Operating margin was 25.6%, 210 basis points worse than the prior-year quarter. Net margin was 13.2%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.26 billion. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $11.21 billion. The average EPS estimate is $2.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 388 members out of 400 rating the stock outperform, and 12 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give PPL a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPL is hold, with an average price target of $30.25.
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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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