UIL Holdings (UIL) Misses Q3 EPS by 1c, Affirms FY EPS Guidance

November 2, 2015 5:30 PM EST

UIL Holdings (NYSE: UIL) reported Q3 EPS of $0.28, $0.01 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $330.5 million versus the consensus estimate of $318.37 million.

Looking Forward

UIL affirms its consolidated earnings for 2015 in the range of $126-$134 million, or $2.19-$2.34 per diluted share. In addition, UIL affirms its 2015 consolidated earnings, excluding the non-recurring items, of $132-$140 million, or $2.30-2.45 per diluted share. Forecasted earnings for 2015 are summarized in the table below.

Category Approximate Net Income(1) EPS - diluted(2)
Electric Distribution $46 - $54 $0.80 - $0.95
Electric Transmission(3) $33 - $38 $0.57 - $0.67
Total Electric $80 - $92 $1.40 - $1.60
Gas Distribution $54 - $58 $0.95 - $1.02
Operating Companies $135- $144 $2.35 - $2.52
UIL Corporate ($7) - ($5) ($0.13) - ($0.08)
Total UIL Holdings, excl. non-recurring items $132 - $140 $2.30 - $2.45
Non-recurring item - Merger-related expenses(4) ($4) - ($4) ($0.08) - ($0.08)
Non-recurring item - Regulatory reserves ($2) - ($2) ($0.04) - ($0.04)
Total UIL Holdings(5) $126 - $134 $2.19 - $2.34

For earnings history and earnings-related data on UIL Holdings (UIL) click here.



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