Enphase Energy Beats Up on Analysts Yet Again

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 10, 2013 at 12:00AM
Other

Enphase Energy (Nasdaq: ENPH) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Enphase Energy met expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share dropped. GAAP loss per share contracted.

Margins grew across the board.

Revenue details
Enphase Energy tallied revenue of $45.6 million. The six analysts polled by S&P Capital IQ foresaw a top line of $45.1 million on the same basis. GAAP reported sales were 7.0% higher than the prior-year quarter's $42.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.21. The five earnings estimates compiled by S&P Capital IQ predicted -$0.23 per share. Non-GAAP EPS were -$0.21 for Q1 against -$5.38 per share for the prior-year quarter. GAAP EPS were -$0.25 for Q1 compared to -$5.97 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 26.8%, 500 basis points better than the prior-year quarter. Operating margin was -21.3%, 50 basis points better than the prior-year quarter. Net margin was -22.8%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)


Related Articles

Looking ahead
Next quarter's average estimate for revenue is $58.9 million. On the bottom line, the average EPS estimate is -$0.12.

Next year's average estimate for revenue is $268.4 million. The average EPS estimate is -$0.23.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 28 members out of 36 rating the stock outperform, and eight members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Enphase Energy a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enphase Energy is outperform, with an average price target of $8.92.

If you're interested in companies like Enphase Energy, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.