Monday, February 11, 2013

What to Expect from Pike Electric

Pike Electric (NYSE: PIKE  ) is expected to report Q2 earnings on Feb. 5. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Pike Electric's revenues will expand 38.4% and EPS will increase 71.4%.

The average estimate for revenue is $238.1 million. On the bottom line, the average EPS estimate is $0.24.

Revenue details
Last quarter, Pike Electric notched revenue of $244.6 million. GAAP reported sales were 42% higher than the prior-year quarter's $171.8 million.

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

EPS details
Last quarter, EPS came in at $0.26. GAAP EPS of $0.26 for Q1 were 271% higher than the prior-year quarter's $0.07 per share.

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

Recent performance
For the preceding quarter, gross margin was 15.1%, 120 basis points better than the prior-year quarter. Operating margin was 7.1%, 250 basis points better than the prior-year quarter. Net margin was 3.8%, 230 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $900.5 million. The average EPS estimate is $0.74.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 91 members out of 101 rating the stock outperform, and 10 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Pike Electric a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pike Electric is outperform, with an average price target of $11.63.

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