PowerSecure International Beats on the Top Line
PowerSecure International (NAS: POWR) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PowerSecure International beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew.
Margins expanded across the board.
PowerSecure International logged revenue of $45.0 million. The four analysts polled by S&P Capital IQ expected net sales of $39.1 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $33.2 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 $0.04. The four earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS were $0.04 for Q1 compared to -$0.03 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 30.6%, 180 basis points better than the prior-year quarter. Operating margin was 2.4%, 610 basis points better than the prior-year quarter. Net margin was 1.6%, 340 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $55.5 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $232.0 million. The average EPS estimate is $0.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PowerSecure International is buy, with an average price target of $14.00.
Looking for alternatives to PowerSecure International? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add PowerSecure International to My Watchlist.
The article PowerSecure International Beats on the Top Line 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.