EnerNOC Beats on Both Top and Bottom Lines

EnerNOC (Nasdaq: ENOC  ) reported earnings on Feb. 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EnerNOC beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.

Margins grew across the board.

Revenue details
EnerNOC notched revenue of $42.3 million. The 12 analysts polled by S&P Capital IQ expected to see a top line of $39.2 million on the same basis. GAAP reported sales were 58% higher than the prior-year quarter's $26.8 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 -$0.76. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.77 per share. GAAP EPS were -$0.96 for Q4 versus -$1.08 per share for the prior-year quarter.

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 33.6%, 1,210 basis points better than the prior-year quarter. Operating margin was -56.4%, 5,620 basis points better than the prior-year quarter. Net margin was -61.0%, 4,370 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $38.6 million. On the bottom line, the average EPS estimate is -$0.73.

Next year's average estimate for revenue is $378.9 million. The average EPS estimate is $1.30.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 588 members out of 635 rating the stock outperform, and 47 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 165 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 $14.71.

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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 recommends EnerNOC. The Motley Fool owns shares of 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 February 14, 2013, at 12:31 PM, jimmy4040 wrote:

    A market cap of half a billion dollars for a company consistently losing large amounts of money, year after year.

    No mainpulation here at all.

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