Brokerages expect EnerNOC, Inc. (NASDAQ:ENOC) to report earnings of ($0.79) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for EnerNOC’s earnings. The lowest EPS estimate is ($0.85) and the highest is ($0.73). The company is scheduled to report its next earnings results on Tuesday, August 1st.
On average, analysts expect that EnerNOC will report full-year earnings of ($2.22) per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of ($1.86) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for EnerNOC.
EnerNOC (NASDAQ:ENOC) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.36) by $0.44. The business had revenue of $48.10 million during the quarter, compared to the consensus estimate of $44.73 million. EnerNOC had a negative net margin of 36.02% and a negative return on equity of 53.70%. EnerNOC’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.41) EPS.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of EnerNOC from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Canaccord Genuity reiterated a “hold” rating and issued a $6.00 price objective on shares of EnerNOC in a report on Wednesday, February 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of EnerNOC in a report on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.50.
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A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of EnerNOC by 19.0% in the first quarter. Wells Fargo & Company MN now owns 28,861 shares of the business services provider’s stock worth $172,000 after buying an additional 4,611 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of EnerNOC by 64.9% in the first quarter. Acadian Asset Management LLC now owns 201,812 shares of the business services provider’s stock worth $1,212,000 after buying an additional 79,464 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of EnerNOC by 21.8% in the first quarter. Nationwide Fund Advisors now owns 23,592 shares of the business services provider’s stock worth $142,000 after buying an additional 4,223 shares during the last quarter. Horrell Capital Management Inc. purchased a new position in shares of EnerNOC during the first quarter worth $300,000. Finally, Norges Bank purchased a new position in shares of EnerNOC during the fourth quarter worth $1,254,000. Institutional investors and hedge funds own 49.93% of the company’s stock.
EnerNOC Company Profile
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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