Portland General Electric (NYSE: POR ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Portland General Electric whiffed on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share didn't change.
Gross margins grew, operating margins were steady, net margins expanded.
Portland General Electric booked revenue of $473.0 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $536.9 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 $0.65. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. GAAP EPS of $0.65 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.6%, 40 basis points better than the prior-year quarter. Operating margin was 18.4%, much about the same as the prior-year quarter. Net margin was 10.4%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $371.0 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $1.87 billion. The average EPS estimate is $1.93.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 85 members out of 93 rating the stock outperform, and eight members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Portland General Electric a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Portland General Electric is hold, with an average price target of $29.50.
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