The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EnerNOC beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share increased.
Gross margins expanded, operating margins dropped, and net margins dropped.
EnerNOC tallied revenue of $26.8 million. The 11 analysts polled by S&P Capital IQ expected sales of $25.6 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $22.7 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 -$1.08. The 14 earnings estimates compiled by S&P Capital IQ forecast -$0.98 per share. GAAP EPS were -$1.08 for Q4 versus -$0.85 per share for 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 21.0%, 180 basis points better than the prior-year quarter. Operating margin was -110.0%, 990 basis points worse than the prior-year quarter. Net margin was -104.7%, 1,140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.8 million. On the bottom line, the average EPS estimate is -$0.89.
Next year's average estimate for revenue is $257.3 million. The average EPS estimate is -$1.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 692 members out of 728 rating the stock outperform, and 36 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 201 give EnerNOC a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnerNOC is hold, with an average price target of $15.50.
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