Integrys Energy Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Integrys Energy Group missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share grew significantly.
Margins grew across the board.
Integrys Energy Group booked revenue of $927.6 million. The two analysts polled by S&P Capital IQ expected a top line of $948.8 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $938.7 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 $0.55. The six earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.83 for Q3 were 77% higher than the prior-year quarter's $0.47 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 21.0%, 430 basis points better than the prior-year quarter. Operating margin was 11.7%, 420 basis points better than the prior-year quarter. Net margin was 7.1%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.95.
Next year's average estimate for revenue is $4.21 billion. The average EPS estimate is $3.08.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrys Energy Group is hold, with an average price target of $55.20.
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