Pike Electric
The 10-second takeaway
For the quarter ended June 30 (Q4), Pike Electric beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Margins contracted across the board.
Revenue details
Pike Electric logged revenue of $178.6 million. The six analysts polled by S&P Capital IQ expected sales of $174.4 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $162.7 million.
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 $0.04. The six earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. GAAP EPS of $0.04 for Q4 were 33% lower than the prior-year quarter's $0.06 per share.
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 12.3%, 190 basis points worse than the prior-year quarter. Operating margin was 2.1%, 130 basis points worse than the prior-year quarter. Net margin was 0.8%, 50 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $186.5 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $733.6 million. The average EPS estimate is $0.45.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 86 members out of 95 rating the stock outperform, and nine members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Pike Electric a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pike Electric is outperform, with an average price target of $11.50.
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