The 10-second takeaway
For the quarter ended March 31 (Q1), EnerNOC beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP loss per share dropped. GAAP loss per share grew.
Margins grew across the board.
EnerNOC notched revenue of $32.9 million. The 10 analysts polled by S&P Capital IQ expected a top line of $31.1 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $24.5 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 -$0.88. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.91 per share. Non-GAAP EPS were -$0.88 for Q1 against -$1.06 per share for the prior-year quarter. GAAP EPS were -$1.12 for Q1 compared to -$1.06 per share for 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 32.4%, 800 basis points better than the prior-year quarter. Operating margin was -91.1%, much better than the prior-year quarter. Net margin was -93.0%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $50.8 million. On the bottom line, the average EPS estimate is -$0.77.
Next year's average estimate for revenue is $378.0 million. The average EPS estimate is $1.41.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 581 members out of 628 rating the stock outperform, and 47 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give EnerNOC a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnerNOC is outperform, with an average price target of $17.70.
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