Itron (ITRI) continues its torrid run off the bottom after reporting earnings results that smashed analyst estimates. The company reported a non GAAP EPS of $1.19/share on revenues of $642 million vs the analyst estimates for .87 EPS on revenues of $547 million. That’s a sequential revenue increase of 4% sequentially and 8% quarter over quarter.
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“Our fourth quarter results produced record revenue and cash … Read the rest
Demand response leader EnerNOC (ENOC) has reported earnings results this morning that beat analyst estimates by a healthy margin. The company reported a non GAAP EPS of $1.96/share vs the estimate for $1.56 on revenues of $169 million vs the estimate for $161 million.
"We had a very strong summer, responding to more than 225 demand response dispatches," said Tim Healy, EnerNOC’s Chairman and Chief Executive Officer. "During the third quarter, we broadened our product … Read the rest
After the last earnings report out of Itron (ITRI) I mentioned that I didn’t think the bottom was in and that the $45 level was looking like the next level it needed to test. Shares did test that level and ultimately through there as well, dropping below $27. You have to go back to 2005 to see those levels. A few months later, I believe the bottom is close particularly after today’s high volume surge … Read the rest
If you look at the mainstream financial headlines of the Itron (ITRI) earnings report tonight you’ll be led to believe that the company beat both on the top and bottom line by a wide margin. Unfortunately, most mainstream news outlets don’t use the non GAAP number and back out one time gains and losses. So, yes headlines can be misleading in this industry. Let’s set the record straight. Itron (ITRI) posted a solid quarter no … Read the rest
EnerNOC (ENOC) announced a big acquisition last night picking up the largest demand response provider in Australia and New Zealand. The acquisition more than doubles ENOC’s capacity in western Australia to 240MW and marks the company’s entry into the eastern market as well as the New Zealand market for the first time. ENOC will eventually be providing its real time monitoring suite of applications and services to Energy Response clients. The acquisition is expected to … Read the rest
Itron (ITRI) investors could use some good news and they got it after the bell today with the company reporting earnings and revenues that beat analyst estimates. The company reported an EPS of .99 vs the analyst estimate for .95 on revenues of $563.7 million vs the analyst estimate for $551.92. The EPS number was about inline with what they reported on the year ago quarter while revenues increased 13%. The company is currently … Read the rest
Today, PowerSecure (POWR) announced $15 million in new orders across its range of green energy products. The breakdown is $8 million for its smart grid power systems, $5 million for utility infrastructure products and $2 million for LED lighting products. The new business comes from a range of customers and will be recognized as revenue this year. To put the new contracts in perspective, the company has been averaging about $25 million a quarter in … Read the rest
Itron (ITRI) announced today that it has begun delivering 120K smart water meters to Malta’s Water Services Corporation (WSC), as part of a large contract that will continue through 2013. So far, 25k of the meters and communication modules have been connected to an IBM Information Management System. Malta is a small island in the Mediterranean that lacks significant natural water resources, so managing it is critical. Malta is the first country in the world … Read the rest
Itron (ITRI) CEO Malcolm Unsworth spoke with Reuters yesterday about the future of the smart grid. Here are some highlights..
– Doesn’t expect the US to deploy any more funds to advance the smart grid
– The smart grid portion of the nearly trillion dollar stimulus package gave a crucial boost to the industry, but it’s no longer needed
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Rollouts of Itron’s smart meters "have … Read the rest
Itron (ITRI) reported earnings results after the bell today that missed analyst estimates on the EPS side and shares are down about 5% after hours as a result. The company reported an EPS of .95/share vs the analyst estimate of $1.05 on revenues of $620.7 million vs the analyst estimate of $$576 million. So, the revenue number was excellent, they just didn’t deliver on the EPS side.