Integrys Energy Group Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

Integrys Energy Group (NYS: TEG) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Integrys Energy Group beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped. GAAP earnings per share expanded significantly.


Margins grew across the board.

Revenue details
 Integrys Energy Group tallied revenue of $1.20 billion. The three analysts polled by S&P Capital IQ hoped for a top line of $1.05 billion on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $1.13 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.89. The six earnings estimates compiled by S&P Capital IQ forecast $0.95 per share. Non-GAAP EPS of $0.89 for Q4 were 12% lower than the prior-year quarter's $1.01 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.85 for Q4 were 73% higher than the prior-year quarter's $0.49 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 17.1%, 340 basis points better than the prior-year quarter. Operating margin was 9.9%, 400 basis points better than the prior-year quarter. Net margin was 5.7%, 230 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $1.66.

Next year's average estimate for revenue is $4.34 billion. The average EPS estimate is $3.49.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrys Energy Group is hold, with an average price target of $56.60.

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The article Integrys Energy Group Misses Where it Counts 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 position in any of the stocks mentioned. 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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