EnerNOC Beats on the Top Line

EnerNOC (Nasdaq: ENOC  ) reported earnings on Nov. 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EnerNOC beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.

Margins increased across the board.

Revenue details
EnerNOC booked revenue of $177.9 million. The 13 analysts polled by S&P Capital IQ foresaw a top line of $169.4 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $169.2 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 $2.40. The seven earnings estimates compiled by S&P Capital IQ predicted $1.94 per share. GAAP EPS of $2.21 for Q3 were 25% higher than the prior-year quarter's $1.77 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 53.4%, 320 basis points better than the prior-year quarter. Operating margin was 33.3%, 260 basis points better than the prior-year quarter. Net margin was 33.9%, 620 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $37.5 million. On the bottom line, the average EPS estimate is -$0.73.

Next year's average estimate for revenue is $264.3 million. The average EPS estimate is -$0.53.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 600 members out of 643 rating the stock outperform, and 43 members rating it underperform. Among 162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 149 give EnerNOC a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnerNOC is outperform, with an average price target of $12.04.

Seth Jayson owned shares of the following at the time of publication: EnerNOC. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of EnerNOC. Motley Fool newsletter services recommend EnerNOC. 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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  • Report this Comment On November 06, 2012, at 10:03 AM, kickbishopbrenna wrote:

    12.04?? seems a bit low-ball! For a stock that was recently over $20.00 and that has many head-winds die back, i'd say 16-18 is more reasonable

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