EnerNOC Earnings: Here’s Why the Stock is Rising Now

EnerNOC, Inc. (NASDAQ:ENOC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.10%.

EnerNOC, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.76 in the quarter versus EPS of $-1.08 in the year-earlier quarter.

Revenue: Rose 58.11% to $42.31 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EnerNOC, Inc. reported adjusted EPS loss of $-0.76 per share. By that measure, the company beat the mean analyst estimate of $-0.97. It beat the average revenue estimate of $39.2 million.

Quoting Management: “I’m proud of how we have positioned the Company over the past two years, and I am excited about our outlook today,” said Tim Healy, Chairman and CEO of EnerNOC. “We achieved impressive cash flow generation in 2012 that further enhanced our already strong balance sheet. With increased pricing in PJM, the emergence of the Australian market as a substantial profit center, and a number of profitability initiatives in full swing, we expect significant top and bottom-line growth in 2013. We expect a strong 2013 in which we plan to deliver at least $0.60 per share in earnings at the low end of our increased guidance range.”

Key Stats (on next page)…

Revenue decreased 76.22% from $177.95 million in the previous quarter. EPS decreased to $-0.76 in the quarter versus EPS of $2.21 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.86 to a loss $0.87. For the current year, the average estimate is a loss of $0.85, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)