Atlantic Power Goes Red
Atlantic Power (NYS: AT) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Atlantic Power met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Atlantic Power reported revenue of $167.6 million. The one analyst polled by S&P Capital IQ foresaw a top line of $169.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $53.7 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 -$0.37. The one earnings estimate compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.37 for Q1 versus $0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.2%, 750 basis points worse than the prior-year quarter. Operating margin was 17.7%, 870 basis points worse than the prior-year quarter. Net margin was -25.2%, 3,660 basis points worse than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $669.1 million. The average EPS estimate is -$0.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 81 members out of 84 rating the stock outperform, and three members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Atlantic Power a green thumbs-up, and one give it a red thumbs-down.
Is Atlantic Power the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Atlantic Power to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.