The 10-second takeaway
For the quarter ended June 30 (Q2), UNS Energy met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Gross margins shrank, operating margins dropped, net margins grew.
UNS Energy chalked up revenue of $365.2 million. The two analysts polled by S&P Capital IQ expected revenue of $365.7 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 $0.88. The four earnings estimates compiled by S&P Capital IQ forecast $0.60 per share. Non-GAAP EPS of $0.88 for Q2 were 38% higher than the prior-year quarter's $0.64 per share. GAAP EPS of $0.83 for Q2 were 30% higher than the prior-year quarter's $0.64 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 32.6%, 140 basis points worse than the prior-year quarter. Operating margin was 16.6%, 190 basis points worse than the prior-year quarter. Net margin was 9.5%, 230 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $468.0 million. On the bottom line, the average EPS estimate is $1.55.
Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is $2.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 66 members out of 69 rating the stock outperform, and three members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give UNS Energy 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 UNS Energy is hold, with an average price target of $48.75.
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