The 10-second takeaway
For the quarter ended March 31 (Q1), UniSource Energy missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins contracted, and net margins dropped.
UniSource Energy logged revenue of $318.9 million. The two analysts polled by S&P Capital IQ expected to see sales of $335.2 million on the same basis. GAAP reported sales were 7.5% lower than the prior-year quarter's $344.8 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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.17 for Q1 were 51% lower than the prior-year quarter's $0.35 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 28.3%, 20 basis points better than the prior-year quarter. Operating margin was 10.8%, 220 basis points worse than the prior-year quarter. Net margin was 2.0%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $366.7 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $1.45 billion. The average EPS estimate is $2.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 61 members out of 63 rating the stock outperform, and two members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give UniSource 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 UniSource Energy is outperform, with an average price target of $41.
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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. Motley Fool newsletter services have recommended buying shares of UniSource Energy. 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.