The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SJW met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share dropped.
Margins dropped across the board.
SJW booked revenue of $62.4 million. The four analysts polled by S&P Capital IQ predicted revenue of $61.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.31. The four earnings estimates compiled by S&P Capital IQ averaged $0.18 per share. GAAP EPS of $0.31 for Q4 were 11% lower than the prior-year quarter's $0.35 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 56.8%, 190 basis points worse than the prior-year quarter. Operating margin was 22.6%, 390 basis points worse than the prior-year quarter. Net margin was 9.5%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $54.0 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $276.6 million. The average EPS estimate is $1.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 99 members out of 105 rating the stock outperform, and six members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give SJW a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SJW is buy, with an average price target of $27.50.
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