MGE Energy Beats Analyst Estimates on EPS
MGE Energy (NAS: MGEE) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), MGE Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped.
Gross margins expanded, operating margins grew, net margins were steady.
MGE Energy logged revenue of $149.3 million. The one analyst polled by S&P Capital IQ wanted to see sales of $158.2 million on the same basis. GAAP reported sales were 9.3% lower than the prior-year quarter's $164.6 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 $0.69. The one earnings estimate compiled by S&P Capital IQ anticipated $0.65 per share. GAAP EPS of $0.69 for Q1 were 10% lower than the prior-year quarter's $0.77 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 28.9%, 120 basis points better than the prior-year quarter. Operating margin was 19.1%, 30 basis points better than the prior-year quarter. Net margin was 10.8%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $118.3 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $544.1 million. The average EPS estimate is $2.55.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 58 members out of 60 rating the stock outperform, and two members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give MGE Energy a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MGE Energy is underperform, with an average price target of $42.00.
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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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