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Energy solutions provider, Pike Electric Corporation (PIKE - Snapshot Report), reported better year-over-year results for fiscal fourth quarter of 2013. Pike’s adjusted earnings per share came in at 9 cents, rising 125.0% year over year, as a result of increased sales and improved margins. However, Pike missed the Zacks Consensus Estimate of 13 cents by 30.8%.

On a reported basis, Pike’s earnings in the fiscal fourth quarter were 2 cents, compared with 4 cents in the year-ago quarter.

For fiscal 2013, reported earnings per share were $1.03, compared with 31 cents in fiscal 2012. Earnings in fiscal 2013 missed the Zacks Consensus Estimate of $1.14.

Revenues: Increased storm-related services augmented revenues in the quarter by 12.1% to $200.2 million. However, revenues lagged the Zacks Consensus Estimate of $213.0 million.

Revenues from the Construction segment rose 4.2% year over year to $164.4 million, as a result of improved core sales as well as storm-related services.

Revenues derived from All Other Operations shot up 72.1% year over year to $35.8 million, driven primarily by core sales as well as storm-related services.

For fiscal 2013, Pike generated revenues of $918.7 million, increasing 34.1% year over year but missed the Zacks Consensus Estimate of $931.0.

Costs/Margins: Gross profit margin for Pike in the quarter was recorded at 13.0%, increasing 75 basis points year over year. General and administrative (G&A) expense totaled $18.7 million, increasing from the $18.1 million recorded in the year-ago quarter.

For fiscal 2013, gross profit margin was 16.0%, compared with 13.4% in fiscal 2012. G&A expense totaled $75.6 million, increasing from $66.2 million recorded a year ago.

Balance Sheet: Exiting fiscal 2013, Pike’s cash and cash equivalents stood at $2.6 million, compared with $6.0 million in the preceding quarter. Revolving credit facility was recorded at $221.0 million against $191.0 million at the end of fiscal third-quarter 2013.

Other Stocks to Consider

Alliant Energy Corporation (LNT - Snapshot Report) announced second-quarter 2013 operating earnings of 59 cents per share, beating the Zacks Consensus Estimate of 55 cents by 7.3%.

IdaCorp, Inc. (IDA - Snapshot Report) announced second-quarter 2013 operating earnings of 91 cents per share, beating the Zacks Consensus Estimate of 68 cents by 33.8%.

Northwestern Corporation (NWE - Snapshot Report) announced second-quarter 2013 operating earnings of 35 cents per share, beating the Zacks Consensus Estimate of 30 cents by 16.7%.

Pike currently carries a Zacks Rank #3 (Hold).

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