NV Energy Earnings: Everything You Must Know Now

NV Energy, Inc. (NYSE:NVE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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NV Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 80% to $0.09 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Decreased 4.45% to $584.22 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: NV Energy, Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.08. It missed the average revenue estimate of $615.68 million.

Quoting Management: “Results for the first quarter were in line with our expectations. We are on track to achieve our 2013 earnings guidance range of $1.25 to $1.35 per share,” said Michael Yackira, president and chief executive officer of NV Energy, Inc. “In the second quarter, we’ll seek regulatory approval to combine our two utilities, make a required rate filing for our northern subsidiary and manage other key projects while keeping a sharp focus on our top-priority job: providing safe, reliable and affordable electricity to our customers.”

Key Stats (on next page)…

Revenue decreased 2.72% from $600.57 million in the previous quarter. EPS increased 28.57% from $0.07 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.24 to a profit $0.25. For the current year, the average estimate has moved up from a profit of $1.28 to a profit of $1.30 over the last ninety days.

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