The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Westar Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased significantly.
Margins grew across the board.
Westar Energy booked revenue of $523.8 million. The three analysts polled by S&P Capital IQ foresaw revenue of $503.1 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $486.2 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 $0.36. The seven earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.36 for Q4 were 125% higher than the prior-year quarter's $0.16 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 44.9%, 440 basis points better than the prior-year quarter. Operating margin was 20.6%, 680 basis points better than the prior-year quarter. Net margin was 8.7%, 470 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $518.1 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $2.29 billion. The average EPS estimate is $2.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 167 members out of 176 rating the stock outperform, and nine members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Westar Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Westar Energy is outperform, with an average price target of $31.78.
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