Equities analysts expect EnerNOC, Inc. (NASDAQ:ENOC) to announce ($0.79) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for EnerNOC’s earnings, with the lowest EPS estimate coming in at ($0.85) and the highest estimate coming in at ($0.73). The firm is expected to announce its next quarterly 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 financial year. For the next year, analysts expect that the company will report earnings of ($1.86) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for EnerNOC.
EnerNOC (NASDAQ:ENOC) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.92) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.36) by $0.44. The firm had revenue of $48.10 million for the quarter, compared to analysts’ expectations of $44.73 million. EnerNOC had a negative net margin of 10.51% and a negative return on equity of 42.33%. The firm’s revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company earned ($1.41) EPS.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of EnerNOC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of EnerNOC in a research note on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.50.
A number of institutional investors have recently added to or reduced their stakes in the stock. Nine Chapters Capital Management LLC acquired a new position in EnerNOC during the first quarter valued at $103,000. Nationwide Fund Advisors boosted its position in EnerNOC by 21.8% in the first quarter. Nationwide Fund Advisors now owns 23,592 shares of the business services provider’s stock valued at $142,000 after buying an additional 4,223 shares during the period. Wells Fargo & Company MN boosted its position in EnerNOC by 19.0% in the first quarter. Wells Fargo & Company MN now owns 28,861 shares of the business services provider’s stock valued at $172,000 after buying an additional 4,611 shares during the period. Tudor Investment Corp Et Al boosted its position in EnerNOC by 21.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 29,297 shares of the business services provider’s stock valued at $176,000 after buying an additional 5,256 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in EnerNOC during the fourth quarter valued at $206,000. 49.91% of the stock is currently owned by institutional investors.
Shares of EnerNOC (ENOC) traded down 3.36% during midday trading on Monday, reaching $5.75. 206,856 shares of the company were exchanged. EnerNOC has a 52-week low of $4.80 and a 52-week high of $7.74. The company’s market capitalization is $169.46 million. The firm’s 50 day moving average is $5.56 and its 200-day moving average is $5.73.
ILLEGAL ACTIVITY WARNING: This report was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.wkrb13.com/markets/2231075/enernoc-inc-enoc-expected-to-announce-earnings-of-0-79-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2231075/enernoc-inc-enoc-expected-to-announce-earnings-of-0-79-per-share.html
Receive News & Ratings for EnerNOC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerNOC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.