EnerNOC, Inc. (ENOC) Expected to Announce Earnings of -$0.79 Per Share

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.

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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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