The 10-second takeaway
For the quarter ended March 31 (Q1), Xcel Energy missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank.
Gross margins grew, operating margins dropped, and net margins shrank.
Xcel Energy logged revenue of $2.58 billion. The five analysts polled by S&P Capital IQ expected sales of $2.72 billion on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $2.82 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 $0.38. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.38 per share. GAAP EPS of $0.38 for Q1 were 9.5% lower than the prior-year quarter's $0.42 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 30.2%, 100 basis points better than the prior-year quarter. Operating margin was 14.7%, 40 basis points worse than the prior-year quarter. Net margin was 7.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.49 billion. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $11.07 billion. The average EPS estimate is $1.78.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xcel Energy is outperform, with an average price target of $27.88.
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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.