Great Plains Energy
The 10-second takeaway
For the quarter ended March 31 (Q1), Great Plains Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share contracted to a loss.
Gross margins expanded, operating margins dropped, net margins dropped.
Great Plains Energy tallied revenue of $479.7 million. The two analysts polled by S&P Capital IQ predicted a top line of $497.2 million on the same basis. GAAP reported sales were 2.7% lower than the prior-year quarter's $492.9 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 -$0.07. The seven earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were -$0.07 for Q1 compared to $0.01 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 34.5%, 40 basis points better than the prior-year quarter. Operating margin was 10.2%, 10 basis points worse than the prior-year quarter. Net margin was -1.9%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $589.0 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $2.35 billion. The average EPS estimate is $1.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 150 members out of 168 rating the stock outperform, and 18 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Great Plains Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Great Plains Energy is hold, with an average price target of $20.81.
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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.