NRG Energy Whiffs on Revenues
NRG Energy (NYS: NRG) reported earnings on Nov. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), NRG Energy whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share dropped.
Gross margins grew, operating margins dropped, net margins increased.
NRG Energy logged revenue of $2.33 billion. The four analysts polled by S&P Capital IQ expected revenue of $3.13 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $2.67 billion.
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 $0.25. The five earnings estimates compiled by S&P Capital IQ forecast $0.56 per share. GAAP EPS were -$0.01 for Q3 versus -$0.24 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 26.0%, 280 basis points better than the prior-year quarter. Operating margin was 4.5%, 310 basis points worse than the prior-year quarter. Net margin was 0.0%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.25 billion. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $9.74 billion. The average EPS estimate is $1.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 701 members out of 715 rating the stock outperform, and 14 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give NRG Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NRG Energy is outperform, with an average price target of $25.08.
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The article NRG Energy Whiffs on Revenues originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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