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| Name | Symbol | Market | Type |
|---|---|---|---|
| China Resources Power Holdings Company Ltd (PK) | USOTC:CRPJY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 44.977 | 43.64 | 46.70 | 0.00 | 21:02:10 |
Energy solutions provider, Pike Electric Corporation (PIKE) 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), Empresa Nacional de Electricidad S.A. (EOC) and China Resources Power Holdings Co. Ltd. (CRPJY); each carrying a Zacks Rank #1 (Strong Buy).
1 Year China Resources Power (PK) Chart |
1 Month China Resources Power (PK) Chart |
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