The 10-second takeaway
For the quarter ended March 31 (Q1), UNS Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.
Margins grew across the board.
UNS Energy reported revenue of $332.1 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $321.6 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 $0.27. The five earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.27 for Q1 were 59% higher than the prior-year quarter's $0.17 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 29.7%, 140 basis points better than the prior-year quarter. Operating margin was 12.0%, 120 basis points better than the prior-year quarter. Net margin was 3.4%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $369.0 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $2.67.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 63 members out of 68 rating the stock outperform, and five members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give UNS Energy a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on UNS Energy is hold, with an average price target of $47.50.
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