The 10-second takeaway
For the quarter ended March 31 (Q1), NV Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins increased across the board.
NV Energy logged revenue of $611.4 million. The one analyst polled by S&P Capital IQ anticipated net sales of $661.9 million on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $641.0 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 $0.05. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS of $0.05 for Q1 were 400% higher than the prior-year quarter's $0.01 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 53.1%, 950 basis points better than the prior-year quarter. Operating margin was 15.8%, 430 basis points better than the prior-year quarter. Net margin was 2.0%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $734.7 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $3.17 billion. The average EPS estimate is $1.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 131 members out of 139 rating the stock outperform, and eight members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give NV Energy a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NV Energy is outperform, with an average price target of $16.79.
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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.