Vectren Earnings: Everything You Must Know Now

Vectren Corporation (NYSE:VVC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Vectren Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 1.61% to $0.61 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Rose 15.88% to $700.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vectren Corporation reported adjusted EPS income of $0.61 per share. By that measure, the company missed the mean analyst estimate of $0.68. It beat the average revenue estimate of $591.45 million.

Quoting Management: “We are pleased with our overall 2013 first quarter results, which were in line with our expectations and comparable to the results achieved in 2012,” said Carl L. Chapman, Vectren’s chairman, president and CEO. “Our utility group continues to deliver solid results quarter after quarter and our infrastructure services business continues to exceed our expectations, which helped offset disappointing performance from our coal mining operations overall. While our Oaktown mine number one is operating at very competitive costs, our Prosperity mine continued to be challenged with difficult mining in the quarter. However, we are taking actions that should improve Prosperity’s mining conditions for the balance of 2013 and beyond. Further, our results at ProLiance improved quarter-over-quarter due to reductions in fixed demand costs.”

Key Stats (on next page)…

Revenue increased 8.77% from $644.1 million in the previous quarter. EPS increased 17.31% from $0.52 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.26 and has not changed. For the current year, the average estimate has moved up from a profit of $1.94 to a profit of $1.99 over the last ninety days.

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