NV Energy (NYS: NVE) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), NV Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins increased across the board.
NV Energy logged revenue of $611.4 million. The one analyst polled by S&P Capital IQ anticipated net sales of $661.9 million on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $641.0 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 $0.05. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS of $0.05 for Q1 were 400% higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.1%, 950 basis points better than the prior-year quarter. Operating margin was 15.8%, 430 basis points better than the prior-year quarter. Net margin was 2.0%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $734.7 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $3.17 billion. The average EPS estimate is $1.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 131 members out of 139 rating the stock outperform, and eight members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give NV Energy 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 NV Energy is outperform, with an average price target of $16.79.
Are you missing a big story in the energy space? Read about "The One Stock You Need to Own for the
Coming 'No Choice' Energy Revolution." Click here for instant access to this free report.
Add NV Energy to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.