The 10-second takeaway
For the quarter ended Sep. 30 (Q3), UNS Energy missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Margins dropped across the board.
UNS Energy notched revenue of $437.3 million. The two analysts polled by S&P Capital IQ expected to see sales of $445.7 million on the same basis. GAAP reported sales were 3.0% lower than the prior-year quarter's $450.9 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 $1.21. The five earnings estimates compiled by S&P Capital IQ predicted $1.23 per share. GAAP EPS of $1.21 for Q3 were 17% lower than the prior-year quarter's $1.46 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 37.3%, 200 basis points worse than the prior-year quarter. Operating margin was 24.3%, 310 basis points worse than the prior-year quarter. Net margin was 11.6%, 160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $326.9 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $2.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 63 members out of 66 rating the stock outperform, and three members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give UNS 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 UNS Energy is outperform, with an average price target of $43.40.
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