PowerSecure International Earnings: Everything You Must Know Now
PowerSecure International, Inc. (NASDAQ:POWR) 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.
PowerSecure International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 300% to $0.12 in the quarter versus EPS of $0.03 in the year-earlier quarter.
Revenue: Rose 85.37% to $70.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PowerSecure International, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $57.51 million.
Quoting Management: “Our record second quarter results and all time high backlog illustrate the continued momentum we are seeing across our business as we deliver differentiated, best-in-class solutions to our customers. In addition, we are very pleased with the strong performance of our two most recent acquisitions out of the gate, as our new ESCO and Solais businesses delivered second quarter revenues of $12.3 million and $1.6 million, respectively,” said Sidney Hinton, chief executive officer of PowerSecure.
Key Stats (on next page)…