The 10-second takeaway
For the quarter ended Sep. 30 (Q3), UIL Holdings 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 grew significantly.
Margins expanded across the board.
UIL Holdings reported revenue of $323.8 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $336.7 million on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $321.4 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 $0.31. The four earnings estimates compiled by S&P Capital IQ anticipated $0.30 per share. GAAP EPS of $0.31 for Q3 were 29% higher than the prior-year quarter's $0.24 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 35.2%, 440 basis points better than the prior-year quarter. Operating margin was 12.1%, 140 basis points better than the prior-year quarter. Net margin was 4.9%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $435.0 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $2.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 68 members out of 71 rating the stock outperform, and three members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 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 $37.13.
Can your portfolio provide you with enough income to last through retirement? You'll need more than UIL Holdings. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add UIL Holdings to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. 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 has no positions in the stocks mentioned above. 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.