Integrys Energy Group Crushes Earnings Estimates

Integrys Energy Group (NYSE: TEG  ) reported earnings on Nov. 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Integrys Energy Group missed estimates on revenues and crushed expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Integrys Energy Group booked revenue of $927.6 million. The two analysts polled by S&P Capital IQ expected a top line of $948.8 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $938.7 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 $0.55. The six earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.83 for Q3 were 77% higher than the prior-year quarter's $0.47 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 21.0%, 430 basis points better than the prior-year quarter. Operating margin was 11.7%, 420 basis points better than the prior-year quarter. Net margin was 7.1%, 320 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.95.

Next year's average estimate for revenue is $4.21 billion. The average EPS estimate is $3.08.

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 $55.20.

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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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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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