Integrys Energy Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Integrys Energy Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped. GAAP earnings per share expanded significantly.
Margins grew across the board.
Integrys Energy Group tallied revenue of $1.20 billion. The three analysts polled by S&P Capital IQ hoped for a top line of $1.05 billion on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $1.13 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 $0.89. The six earnings estimates compiled by S&P Capital IQ forecast $0.95 per share. Non-GAAP EPS of $0.89 for Q4 were 12% lower than the prior-year quarter's $1.01 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.85 for Q4 were 73% higher than the prior-year quarter's $0.49 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.1%, 340 basis points better than the prior-year quarter. Operating margin was 9.9%, 400 basis points better than the prior-year quarter. Net margin was 5.7%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $1.66.
Next year's average estimate for revenue is $4.34 billion. The average EPS estimate is $3.49.
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 $56.60.
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