Westar Energy Earnings: Here’s Why Shares are Down Now
Westar Energy, Inc. (NYSE:WR) 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 down 0.09%.
Westar Energy, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.42% to $0.53 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 0.59% to $569.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Westar Energy, Inc. reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.45. It missed the average revenue estimate of $570.87 million.
Key Stats (on next page)…
Revenue increased 4.28% from $546.21 million in the previous quarter. EPS increased 32.5% from $0.40 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 $1.06 to a profit $1.03. For the current year, the average estimate is a profit of $2.11, which is the same with that ninety days ago.