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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Seth Jayson owned shares of the following at the time of publication: EnerNOC. 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 recommends EnerNOC. The Motley Fool owns shares of EnerNOC. 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.