UIL Holdings (UIL) Misses Q3 EPS by 1c, Affirms FY EPS Guidance
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Financial Fact:
Total Operating Expenses: 291.32M
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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 | ||
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For earnings history and earnings-related data on UIL Holdings (UIL) click here.
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