NV Energy Goes Red

NV Energy (NYSE: NVE  ) filed its 10-K on Feb. 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), NV Energy missed estimates on revenue and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.

Margins shrank across the board.

Revenue details
NV Energy logged revenue of $609.6 million. The two analysts polled by S&P Capital IQ foresaw revenue of $649.6 million on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $655.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.05. The nine earnings estimates compiled by S&P Capital IQ forecast $0.04 per share on the same basis. GAAP EPS were -$0.11 for Q4 compared to $0.06 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 43.1%, 210 basis points worse than the prior-year quarter. Operating margin was 12.6%, 340 basis points worse than the prior-year quarter. Net margin was -4.1%, 630 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $674.6 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $3.24 billion. The average EPS estimate is $1.17.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 130 members out of 140 rating the stock outperform, and 10 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give NV Energy a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NV Energy is outperform, with an average price target of $16.91.

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