Back to top

Analyst Blog

Energy solutions provider, Pike Electric Corporation (PIKE - Snapshot Report) posted enhanced year-over-year results for fiscal third quarter of 2013. Pike’s earnings per share in the quarter were 8 cents, rising 33.3% year over year, as a result of increased sales and improved margins. However, Pike missed the Zacks Consensus Estimate of 10 cents by 20.0%.

Revenues: Increased storm related services augmented revenues in the quarter by 23.0% to $200.0 million. Revenues lagged the Zacks Consensus Estimate of $204.0 million by roughly 2.0%.

Revenues from the Construction segment surged 15.5% year over year to $166.7 million, as a result of improved core sales as well as storm related services.

Revenues derived from All Other Operations shot up 82.5% to $33.5 million, driven primarily by core sales as well as storm related services.

Margins: Gross profit margin for Pike in the quarter was recorded at 12.5%, declining by 11 basis points year over year. General and administrative expense totaled $18.7 million, increasing from the $16.2 million recorded in the year-ago quarter.

Balance Sheet/Cash Flow: Exiting the fiscal third quarter of 2013, Pike’s cash and cash equivalents stood at $6.0 million, compared with $2.5 million in the preceding quarter. Revolving credit facility was recorded at $191.0 million; against $207.5 million at the end of fiscal second quarter of 2013.

Capital expenditure for the quarter amounted to $9.9 million, against $6.5 million recorded in the fiscal third quarter of 2012.

Pike currently carries a Zacks Rank #3 (Hold). Other stocks worth a look in the electric power industry are Brookfield Infrastructure Partners L.P. (BIP - Snapshot Report), Empresa Nacional de Electricidad S.A. (EOC - Snapshot Report) and China Resources Power Holdings Co. Ltd. ; each carrying a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%