American States Water (NYSE: AWR ) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), American States Water beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, net margins expanded.
American States Water booked revenue of $111.5 million. The three analysts polled by S&P Capital IQ wanted to see net sales of $102.8 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $95.2 million.
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 $0.53. The five earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.53 for Q4 were 51% higher 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 49.6%, much worse than the prior-year quarter. Operating margin was 18.9%, 260 basis points better than the prior-year quarter. Net margin was 9.2%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $106.9 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $473.6 million. The average EPS estimate is $2.68.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 140 members out of 146 rating the stock outperform, and six members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give American States Water 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 American States Water is hold, with an average price target of $44.00.
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