Unisource Energy Earnings: Here’s Why the Stock is Up Now

Unisource Energy Corp. (NYSE:UNS) 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. Shares are up 0.12%.

Unisource Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 29.69% to $0.83 in the quarter versus EPS of $0.64 in the year-earlier quarter.

Revenue: Decreased 0.54% to $365.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Unisource Energy Corp. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.61. It missed the average revenue estimate of $365.7 million.

Quoting Management: “Our second quarter results mark the end of a four and a half year base rate freeze at TEP. The rate freeze, coupled with little to no economic growth, created significant challenges during this period,” said Paul Bonavia, UNS Energy’s Chairman and Chief Executive Officer. “Our employees responded by consistently controlling costs while improving safety and reliability.”

Key Stats (on next page)…

Revenue increased 9.95% from $332.14 million in the previous quarter. EPS increased 207.41% from $0.27 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 $1.52 to a profit $1.51. For the current year, the average estimate has moved up from a profit of $2.71 to a profit of $2.78 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