Central Vermont Public Service Crushes Earnings Estimates
Central Vermont Public Service (NYS: CV) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Central Vermont Public Service missed estimates on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Gross margin and operating margin dropped, while net margin increased.
Central Vermont Public Service logged revenue of $96.2 million. The one analyst polled by S&P Capital IQ predicted revenue of $101.6 million on the same basis. GAAP reported sales were 0.9% lower than the prior-year quarter's $97.1 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 $0.67. The one earnings estimate compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.65 for Q1 were 4.8% higher than the prior-year quarter's $0.62 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 36.9%, 170 basis points worse than the prior-year quarter. Operating margin was 11.3%, 300 basis points worse than the prior-year quarter. Net margin was 9.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $89.2 million. On the bottom line, the average EPS estimate is -$0.37.
Next year's average estimate for revenue is $377 million. The average EPS estimate is $0.08.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 83 members rating the stock outperform and four members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 24 give Central Vermont Public Service a green thumbs-up.
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 Central Vermont Public Service 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.