York Water Misses on the Top and Bottom Lines
York Water (NAS: YORW) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), York Water missed estimates on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted.
Margins contracted across the board.
York Water booked revenue of $9.7 million. The four analysts polled by S&P Capital IQ expected to see revenue of $10.1 million on the same basis. GAAP reported sales were 0.2% higher than the prior-year quarter's $9.6 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 $0.15. The three earnings estimates compiled by S&P Capital IQ forecast $0.17 per share. GAAP EPS of $0.15 for Q1 were 12% lower than the prior-year quarter's $0.17 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 81.9%, 90 basis points worse than the prior-year quarter. Operating margin was 45.8%, 170 basis points worse than the prior-year quarter. Net margin was 20.1%, 210 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $11.0 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $42.8 million. The average EPS estimate is $0.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 67 members out of 72 rating the stock outperform, and five members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give York Water a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on York Water is outperform, with an average price target of $19.00.
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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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