The 10-second takeaway
For the quarter ended June 30 (Q2), Unitil missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP loss per share dropped.
Margins grew across the board.
Unitil reported revenue of $66.4 million. The four analysts polled by S&P Capital IQ predicted revenue of $72.1 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 -$0.01. The five earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.01 for Q2 versus -$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 29.4%, 210 basis points better than the prior-year quarter. Operating margin was 6.8%, 50 basis points better than the prior-year quarter. Net margin was -0.2%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $74.0 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $369.5 million. The average EPS estimate is $1.56.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Unitil is outperform, with an average price target of $31.75.
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