EnerNOC Earnings: Here’s Why the Stock is Up 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 1.72%.

EnerNOC, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-1.05 in the quarter versus EPS of $-1.10 in the year-earlier quarter.

Revenue: Rose 8.66% to $36.15 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EnerNOC, Inc. reported adjusted EPS loss of $1.05 per share. By that measure, the company beat the mean analyst estimate of $-1.22. It beat the average revenue estimate of $35.76 million.

Quoting Management: “We are pleased with the progress we achieved in all key areas of the business in the second quarter,” said Tim Healy, Chairman and Chief Executive Officer of EnerNOC, Inc. “Based on the overall strength of the business in the first half of the year and the confidence we have in our growth strategy, we are pleased to be reaffirming our full year guidance. Moving forward, our focus will continue to be extending our leadership position in the demand response market in the United States, capitalizing on the growing demand for demand response solutions in international markets, and unlocking the full potential of our other energy intelligence solutions globally.”

Key Stats (on next page)…

Revenue increased 10.05% from $32.85 million in the previous quarter. EPS increased to $-1.05 in the quarter versus EPS of $-1.12 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 profit of $3.29 to a profit $3.25. For the current year, the average estimate has moved down from a profit of $0.65 to a profit of $0.64 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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

More Articles About:   , , , , ,  

More from The Cheat Sheet