Vectren Corp. (VVC) Misses Q1 EPS by 6c, Miss on Revenues; Offers FY18 EPS Guidance

Vectren Corp. (NYSE: VVC) reported Q1 EPS of $0.70, $0.06 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $658.4 million versus the consensus estimate of $703.89 million.

2018 earnings guidance affirmed

The company affirms its 2018 consolidated earnings guidance range of $2.80 to $2.90 per share. The 2018 consolidated earnings guidance expectation includes Utility Group earnings within a range of $2.20 to $2.25 per share and the Nonutility Group/Corporate and Other earnings within a range of $0.60 to $0.65 per share. These guidance ranges exclude any impact from Section 179D tax deductions and any costs that will result from the merger of the company and CenterPoint Energy.

Guidance ranges are based on assumptions, including the assumption of normal weather across all of the areas served by both our utility and nonutility operations, and other information currently available, but changes in these assumptions or other circumstances could materially impact earnings and result in 2018 earnings significantly above or below this guidance.

GUIDANCE:

Vectren Corp. sees FY2018 EPS of $2.80-$2.90.

For earnings history and earnings-related data on Vectren Corp. (VVC) click here.

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