The 10-second takeaway
For the quarter ended March 31 (Q1), PowerSecure International beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew.
Margins expanded across the board.
PowerSecure International logged revenue of $45.0 million. The four analysts polled by S&P Capital IQ expected net sales of $39.1 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $33.2 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 $0.04. The four earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS were $0.04 for Q1 compared to -$0.03 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 30.6%, 180 basis points better than the prior-year quarter. Operating margin was 2.4%, 610 basis points better than the prior-year quarter. Net margin was 1.6%, 340 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $55.5 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $232.0 million. The average EPS estimate is $0.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PowerSecure International is buy, with an average price target of $14.00.
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