The 10-second takeaway
For the quarter ended March 31 (Q1), NRG Energy whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share grew. GAAP loss per share grew.
Margins shrank across the board.
NRG Energy reported revenue of $2.08 billion. The two analysts polled by S&P Capital IQ foresaw revenue of $3.31 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $1.86 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 four earnings estimates compiled by S&P Capital IQ predicted -$0.36 per share. Non-GAAP EPS were -$0.89 for Q1 against -$0.39 per share for the prior-year quarter. GAAP EPS were -$1.02 for Q1 compared to -$0.92 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 15.2%, 30 basis points worse than the prior-year quarter. Operating margin was -10.9%, 280 basis points worse than the prior-year quarter. Net margin was -15.8%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.69 billion. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $13.43 billion. The average EPS estimate is $1.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 700 members out of 719 rating the stock outperform, and 19 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 183 give NRG Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NRG Energy is outperform, with an average price target of $27.64.
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