Portland General Electric
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Portland General Electric missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share contracted significantly. GAAP earnings per share dropped.
Gross margins increased, operating margins increased, net margins shrank.
Portland General Electric reported revenue of $463.0 million. The four analysts polled by S&P Capital IQ expected a top line of $489.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.38. The nine earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. Non-GAAP EPS of $0.38 for Q4 were 21% lower than the prior-year quarter's $0.48 per share. GAAP EPS of $0.37 for Q4 were 2.6% lower than the prior-year quarter's $0.38 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 45.8%, 200 basis points better than the prior-year quarter. Operating margin was 15.3%, 90 basis points better than the prior-year quarter. Net margin was 6.0%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $556.1 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.91.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 80 members out of 88 rating the stock outperform, and eight members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Portland General Electric a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Portland General Electric is hold, with an average price target of $28.00.
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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.