Integrys Energy Group (NYSE: TEG) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Integrys Energy Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Revenue details
Integrys Energy Group booked revenue of $841.9 million. The two analysts polled by S&P Capital IQ predicted revenue of $1.04 billion on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $1.01 billion.
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 $0.26. The six earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.62 for Q2 were 68% higher than the prior-year quarter's $0.37 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
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 20.2%, 490 basis points better than the prior-year quarter. Operating margin was 10.0%, 330 basis points better than the prior-year quarter. Net margin was 5.8%, 290 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $979.0 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $4.51 billion. The average EPS estimate is $3.13.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrys Energy Group is hold, with an average price target of $54.50.
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