American States Water
The 10-second takeaway
For the quarter ended March 31 (Q1), American States Water beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share increased significantly.
Margins grew across the board.
American States Water notched revenue of $110.6 million. The three analysts polled by S&P Capital IQ expected revenue of $105.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.69. The three earnings estimates compiled by S&P Capital IQ averaged $0.50 per share. GAAP EPS of $0.69 for Q1 were 30% higher than the prior-year quarter's $0.53 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.4%, 100 basis points better than the prior-year quarter. Operating margin was 25.3%, 340 basis points better than the prior-year quarter. Net margin was 12.2%, 270 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $122.9 million. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $486.7 million. The average EPS estimate is $2.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 142 members out of 148 rating the stock outperform, and six members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give American States Water a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American States Water is hold, with an average price target of $51.33.
Looking for alternatives to American States Water? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add American States Water to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. 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 has no position in any of the stocks mentioned. 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.