PPL (NYSE: PPL ) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PPL crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Margins grew across the board.
PPL reported revenue of $3.22 billion. The three analysts polled by S&P Capital IQ looked for revenue of $2.46 billion on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $4.22 billion.
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 $0.49. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.47 per share. GAAP EPS of $0.49 for Q4 were 37% lower than the prior-year quarter's $0.78 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 37.5%, 670 basis points better than the prior-year quarter. Operating margin was 25.5%, 260 basis points better than the prior-year quarter. Net margin was 11.1%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.23 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $11.84 billion. The average EPS estimate is $2.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 408 members out of 419 rating the stock outperform, and 11 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give PPL a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPL is outperform, with an average price target of $30.75.
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