The 10-second takeaway
For the quarter ended June 30 (Q2), UIL Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins improved, and net margins contracted.
UIL Holdings reported revenue of $283.5 million. The three analysts polled by S&P Capital IQ hoped for sales of $324.7 million on the same basis. GAAP reported sales were 9.7% lower than the prior-year quarter's $314.0 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 $0.23. The four earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS of $0.23 for Q2 were 18% lower than the prior-year quarter's $0.28 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 36.5%, 450 basis points better than the prior-year quarter. Operating margin was 12.9%, 10 basis points better than the prior-year quarter. Net margin was 4.2%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $335.5 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $1.57 billion. The average EPS estimate is $2.11.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 69 members rating the stock outperform and three members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give UIL Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UIL Holdings is outperform, with an average price target of $38.00.
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