The 10-second takeaway
For the quarter ended Sep. 30 (Q3), NV Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share expanded significantly.
Margins grew across the board.
NV Energy reported revenue of $1.03 billion. The one analyst polled by S&P Capital IQ expected to see a top line of $1.11 billion on the same basis. GAAP reported sales were 0.9% higher than the prior-year quarter's $1.02 billion.
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 $0.92. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.88 per share. GAAP EPS of $0.94 for Q3 were 29% higher than the prior-year quarter's $0.73 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 63.7%, 580 basis points better than the prior-year quarter. Operating margin was 40.1%, 540 basis points better than the prior-year quarter. Net margin was 21.7%, 470 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $653.5 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $3.15 billion. The average EPS estimate is $1.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 139 members out of 146 rating the stock outperform, and seven members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give NV Energy 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 NV Energy is outperform, with an average price target of $19.13.
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