The 10-second takeaway
For the quarter ended March 31 (Q1), UIL Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank.
Margins grew across the board.
UIL Holdings tallied revenue of $458.3 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $590.4 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $561.1 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 $0.92. The three earnings estimates compiled by S&P Capital IQ anticipated $1.01 per share. GAAP EPS of $0.92 for Q1 were 9.8% lower than the prior-year quarter's $1.02 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 35.9%, 530 basis points better than the prior-year quarter. Operating margin was 19.1%, 130 basis points better than the prior-year quarter. Net margin was 10.3%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $315.2 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.65 billion. The average EPS estimate is $2.18.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 69 members out of 73 rating the stock outperform, and four members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give UIL Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UIL Holdings is hold, with an average price target of $35.29.
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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.