Integrys Energy Group
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.
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 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.
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.
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.
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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Integrys Energy Group. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.
- Add Integrys Energy Group to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.