Unisource Energy Corp. (NYSE:UNS) 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.
Unisource Energy Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 58.82% to $0.27 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 4.15% to $332.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Unisource Energy Corp. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $322.05 million.
Quoting Management: “While our first quarter financial results benefited from cold weather, we are still managing the cost pressures associated with TEP’s rate freeze,” said Paul Bonavia, UNS Energy’s Chairman and Chief Executive Officer. “Our focus continues to be operational excellence, especially as we enter the warmer months of the year when electricity demand is at its highest.”
Key Stats (on next page)…