Unisource Energy Corp. (NYSE:UNS) delivered a profit 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.
Unisource Energy Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 58.82% to $0.27 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 4.15% to $332.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Unisource Energy Corp. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $322.05 million.
Quoting Management: “While our first quarter financial results benefited from cold weather, we are still managing the cost pressures associated with TEP’s rate freeze,” said Paul Bonavia, UNS Energy’s Chairman and Chief Executive Officer. “Our focus continues to be operational excellence, especially as we enter the warmer months of the year when electricity demand is at its highest.”
Key Stats (on next page)…
Revenue decreased 1.88% from $338.46 million in the previous quarter. EPS increased 50% from $0.18 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 $0.53 to a profit $0.59. For the current year, the average estimate has moved up from a profit of $2.64 to a profit of $2.67 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)