The 10-second takeaway
For the quarter ended June 30 (Q2), EnerNOC beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share expanded.
Margins dropped across the board.
EnerNOC chalked up revenue of $33.3 million. The 11 analysts polled by S&P Capital IQ anticipated a top line of $28.9 million on the same basis. GAAP reported sales were 44% lower than the prior-year quarter's $58.9 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 -$0.91. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.93 per share. GAAP EPS were -$1.10 for Q2 versus -$0.51 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 25.1%, 990 basis points worse than the prior-year quarter. Operating margin was -83.4%, 6,260 basis points worse than the prior-year quarter. Net margin was -87.6%, 6,560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $169.3 million. On the bottom line, the average EPS estimate is $1.94.
Next year's average estimate for revenue is $264.9 million. The average EPS estimate is -$0.55.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 624 members out of 666 rating the stock outperform, and 42 members rating it underperform. Among 145 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give EnerNOC a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnerNOC is outperform, with an average price target of $10.31.
- Add EnerNOC to My Watchlist.
Seth Jayson owned shares of the following at the time of publication: EnerNOC. 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. The Motley Fool owns shares of EnerNOC. Motley Fool newsletter services recommend EnerNOC. 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.