PowerSecure International, Inc. (POWR) Updates Q2 Earnings Guidance
PowerSecure International, Inc. (NASDAQ:POWR) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ($0.15)-($0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15, Analyst Ratings.Net reports. The company issued revenue guidance of $55-60 million, compared to the consensus revenue estimate of $77.57 million.PowerSecure International also updated its Q3 guidance to ($0.10)-($0.03) EPS.
PowerSecure International, Inc. (NASDAQ:POWR) traded down 9.27% on Wednesday, hitting $18.60. 746,542 shares of the company’s stock traded hands. PowerSecure International, Inc. has a one year low of $11.81 and a one year high of $27.44. The stock has a 50-day moving average of $22.54 and a 200-day moving average of $19.92. The company has a market cap of $408.2 million and a P/E ratio of 93.18.
PowerSecure International (NASDAQ:POWR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.19. The company had revenue of $52.80 million for the quarter, compared to the consensus estimate of $59.33 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts predict that PowerSecure International, Inc. will post $0.70 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on POWR shares. Analysts at Maxim Group upgraded shares of PowerSecure International from a hold rating to a buy rating in a research note on Tuesday, March 11th. They now have a $30.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of PowerSecure International from $26.00 to $29.00 in a research note on Tuesday, March 11th. Finally, analysts at Robert W. Baird reiterated a positive rating on shares of PowerSecure International in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $27.50.
PowerSecure International, Inc is a provider of products and services to electric utilities and to their commercial, institutional and industrial customers.
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