Central Vermont Public Service
The 10-second takeaway
For the quarter ended March 31 (Q1), Central Vermont Public Service missed estimates on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Gross margin and operating margin dropped, while net margin increased.
Central Vermont Public Service logged revenue of $96.2 million. The one analyst polled by S&P Capital IQ predicted revenue of $101.6 million on the same basis. GAAP reported sales were 0.9% lower than the prior-year quarter's $97.1 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 $0.67. The one earnings estimate compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.65 for Q1 were 4.8% higher than the prior-year quarter's $0.62 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 36.9%, 170 basis points worse than the prior-year quarter. Operating margin was 11.3%, 300 basis points worse than the prior-year quarter. Net margin was 9.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $89.2 million. On the bottom line, the average EPS estimate is -$0.37.
Next year's average estimate for revenue is $377 million. The average EPS estimate is $0.08.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 83 members rating the stock outperform and four members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 24 give Central Vermont Public Service a green thumbs-up.
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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.