The 10-second takeaway
For the quarter ended Dec. 31 (Q4), York Water met expectations on revenues.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.
Margins dropped across the board.
York Water reported revenue of $10.1 million. The four analysts polled by S&P Capital IQ looked for a top line of $10.2 million on the same basis. GAAP reported sales were 3.4% higher than the prior-year quarter's $9.8 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 $0.16. The four earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.16 for Q4 were 5.9% lower than the prior-year quarter's $0.17 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 80.5%, 190 basis points worse than the prior-year quarter. Operating margin was 48.1%, 160 basis points worse than the prior-year quarter. Net margin was 21.1%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.2 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $42.7 million. The average EPS estimate is $0.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 67 members out of 72 rating the stock outperform, and five members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give York Water a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on York Water is outperform, with an average price target of $18.67.
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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.