Westar Energy, Inc. (NYSE:WR) 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.
Westar Energy, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 90.48% to $0.40 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 14.83% to $546.21 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Westar Energy, Inc. reported adjusted EPS income of $0.40 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $511.03 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 4.28% from $523.77 million in the previous quarter. EPS increased 11.11% from $0.36 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 $0.49 to a profit $0.48. For the current year, the average estimate has moved up from a profit of $2.04 to a profit of $2.11 over the last ninety days.