EnerNOC Earnings: Here’s Why the Stock is Up Now
EnerNOC, Inc. (NASDAQ:ENOC) had a loss 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. Shares are up 1.72%.
EnerNOC, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-1.05 in the quarter versus EPS of $-1.10 in the year-earlier quarter.
Revenue: Rose 8.66% to $36.15 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EnerNOC, Inc. reported adjusted EPS loss of $1.05 per share. By that measure, the company beat the mean analyst estimate of $-1.22. It beat the average revenue estimate of $35.76 million.
Quoting Management: “We are pleased with the progress we achieved in all key areas of the business in the second quarter,” said Tim Healy, Chairman and Chief Executive Officer of EnerNOC, Inc. “Based on the overall strength of the business in the first half of the year and the confidence we have in our growth strategy, we are pleased to be reaffirming our full year guidance. Moving forward, our focus will continue to be extending our leadership position in the demand response market in the United States, capitalizing on the growing demand for demand response solutions in international markets, and unlocking the full potential of our other energy intelligence solutions globally.”
Key Stats (on next page)…