The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Xcel Energy whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share stayed the same.
Gross margins grew, operating margins dropped, net margins were steady.
Xcel Energy reported revenue of $2.55 billion. The six analysts polled by S&P Capital IQ hoped for revenue of $2.92 billion on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $2.57 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 $0.29. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. GAAP EPS of $0.29 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.2%, 80 basis points better than the prior-year quarter. Operating margin was 12.4%, 100 basis points worse than the prior-year quarter. Net margin was 5.5%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $2.68 billion. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $11.01 billion. The average EPS estimate is $1.89.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xcel Energy is hold, with an average price target of $28.96.
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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 position in any of the stocks mentioned. 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.