Just Energy Group (JE) Reports Q1 EPS of CDN$0.71, Maintains FY EBITDA Guidance

Just Energy Group (NYSE: JE) reported Q1 EPS of CDN$0.71, versus (CDN$0.31) reported last year. Revenue for the quarter came in at CDN$933 million, versus CDN$821 million reported last year.

In fiscal year 2016, Just Energy expects to include approximately $20.0 million of incremental deductions in Base EBITDA. Despite this increased head wind, Just Energy expects to offset this with continued strong gross margin performance as evidenced by the results of the first quarter of fiscal 2016. As a result, Just Energy has elected to hold to its original projected full year fiscal 2016 Base EBITDA guidance of $193.0 million to $203.0 million, effectively, increasing its guidance by $20 million.

In fiscal year 2017, Just Energy expects to include incremental deductions in Base EBITDA of approximately $40.0 million of prepaid commercial commissions, which would previously have been included as amortization within the selling and marketing expens

For earnings history and earnings-related data on Just Energy Group (JE) click here.

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