The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Pike Electric missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Pike Electric booked revenue of $172.0 million. The six analysts polled by S&P Capital IQ predicted a top line of $176.3 million. Sales were 16% higher than the prior-year quarter's $148.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.14. The five earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. GAAP EPS of $0.14 for Q2 were 367% higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 14.8%, 360 basis points better than the prior-year quarter. Operating margin was 5.6%, 300 basis points better than the prior-year quarter. Net margin was 2.8%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $172.6 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $698.0 million. The average EPS estimate is $0.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 81 members out of 89 rating the stock outperform, and eight members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Pike Electric 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 Pike Electric is outperform, with an average price target of $12.63.
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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. 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.