Great Plains Energy
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Great Plains Energy missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Margins expanded across the board.
Great Plains Energy recorded revenue of $746.2 million. The two analysts polled by S&P Capital IQ predicted a top line of $794.6 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $773.7 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 $0.95. The nine earnings estimates compiled by S&P Capital IQ averaged $0.96 per share. GAAP EPS of $0.95 for Q3 were 4.4% higher than the prior-year quarter's $0.91 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 53.2%, 390 basis points better than the prior-year quarter. Operating margin was 37.1%, 310 basis points better than the prior-year quarter. Net margin was 19.6%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $490.4 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $1.33.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 150 members out of 168 rating the stock outperform, and 18 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Great Plains Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Great Plains Energy is hold, with an average price target of $22.90.
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