Atlantica Yield PLC reported first-quarter 2017 adjusted loss of 12 cents per share, narrower than the Zacks Consensus Estimate of a loss of 19 cents by 38.8%. The quarterly figure was also narrower than the year-ago quarter’s loss of 26 cents per share.
Total Revenue
Total revenue in the first quarter came in at $198.1 million, almost 4% lower year over year. It was also lower than the Zacks Consensus Estimate of $208 million missing the estimate by 4.8%.
The decrease was due to, negative currency translation and lower production at Kaxu, a solar plant in South Africa which experienced technical problems at the end of 2016.
Atlantica Yield PLC Price, Consensus and EPS Surprise
Operational Highlights
Total operating expenses were $136.4 million in the reported quarter, reflecting a decrease of nearly 6.4% from $145.8 million in the year-ago period.
Operating income was $76.7 million, up 1.7% from $75.4 million in the year-ago quarter.
Financial Update
Cash and cash equivalents were $589.4 million as of Mar 31, 2017, lower than $ 594.8 million as of Dec 31, 2016.
Long-term corporate debt (including Long-term project debt) was at $5,732.1 million as of Mar 31, 2017, higher than $5,005.5 million as of Dec 31, 2016.
Cash used in operating activities during first quarter was $86.4 million, compared with $84.5 million used in the year-ago comparable period.
Peer Releases
NiSource Inc. (NI - Free Report) reported first-quarter 2017 operating earnings of 71 cents per share, surpassing the Zacks Consensus Estimate of 65 cents by 9.2%.
DTE Energy Company (DTE - Free Report) reported first-quarter 2017 operating EPS of $1.79, which surpassed the Zacks Consensus Estimate of $1.57 by 14%.
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2017 adjusted EPS of 71 cents, surpassing the Zacks Consensus Estimate of 65 cents by 9.2%.
Zacks Rank
Atlantica Yield carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Atlantica Yield PLC reported first-quarter 2017 adjusted loss of 12 cents per share, narrower than the Zacks Consensus Estimate of a loss of 19 cents by 38.8%. The quarterly figure was also narrower than the year-ago quarter’s loss of 26 cents per share.
Total Revenue
Total revenue in the first quarter came in at $198.1 million, almost 4% lower year over year. It was also lower than the Zacks Consensus Estimate of $208 million missing the estimate by 4.8%.
The decrease was due to, negative currency translation and lower production at Kaxu, a solar plant in South Africa which experienced technical problems at the end of 2016.
Atlantica Yield PLC Price, Consensus and EPS Surprise
Operational Highlights
Total operating expenses were $136.4 million in the reported quarter, reflecting a decrease of nearly 6.4% from $145.8 million in the year-ago period.
Operating income was $76.7 million, up 1.7% from $75.4 million in the year-ago quarter.
Financial Update
Cash and cash equivalents were $589.4 million as of Mar 31, 2017, lower than $ 594.8 million as of Dec 31, 2016.
Long-term corporate debt (including Long-term project debt) was at $5,732.1 million as of Mar 31, 2017, higher than $5,005.5 million as of Dec 31, 2016.
Cash used in operating activities during first quarter was $86.4 million, compared with $84.5 million used in the year-ago comparable period.
Peer Releases
NiSource Inc. (NI - Free Report) reported first-quarter 2017 operating earnings of 71 cents per share, surpassing the Zacks Consensus Estimate of 65 cents by 9.2%.
DTE Energy Company (DTE - Free Report) reported first-quarter 2017 operating EPS of $1.79, which surpassed the Zacks Consensus Estimate of $1.57 by 14%.
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2017 adjusted EPS of 71 cents, surpassing the Zacks Consensus Estimate of 65 cents by 9.2%.
Zacks Rank
Atlantica Yield carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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