Portland General Electric
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Portland General Electric missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved.
Margins expanded across the board.
Portland General Electric booked revenue of $479.0 million. The three analysts polled by S&P Capital IQ foresaw sales of $499.7 million on the same basis. GAAP reported sales were 5.3% higher than the prior-year quarter's $455.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.48. The nine earnings estimates compiled by S&P Capital IQ predicted $0.44 per share on the same basis. GAAP EPS of $0.38 for Q4 were 12% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.8%, 160 basis points better than the prior-year quarter. Operating margin was 14.4%, 60 basis points better than the prior-year quarter. Net margin was 6.1%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $612.0 million. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $1.90 billion. The average EPS estimate is $1.91.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 83 members out of 92 rating the stock outperform, and nine members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Portland General Electric a green thumbs-up, and three 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 $25.45.
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