American States Water (NYS: AWR) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), American States Water beat expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Gross margin dropped, operating margin expanded, and net margin expanded.
American States Water recorded revenue of $106.6 million. The five analysts polled by S&P Capital IQ expected a top line of $98.8 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $94.3 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 $0.53. The six earnings estimates compiled by S&P Capital IQ anticipated $0.39 per share. GAAP EPS of $0.53 for Q1 were 33% higher than the prior-year quarter's $0.40 per share. (The prior-year quarter included $0.03 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 58.1%, 790 basis points worse than the prior-year quarter. Operating margin was 21.9%, 280 basis points better than the prior-year quarter. Net margin was 9.5%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $111.3 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $432.6 million. The average EPS estimate is $2.24.
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 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 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 $41.00.
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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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