Is Mellanox Technologies (MLNX) Outperforming Other Computer and Technology Stocks This Year?
Chesapeake Utilities Corporation CPK reported first-quarter 2018 operating earnings of $1.40 per share, which beat the Zacks Consensus Estimate of $1.34 by 4.48%.
The company reported GAAP earnings of $1.64 per share, which improved from the year-ago quarter’s figure of $1.17 by 40.2%. Adjustments included a realized MTM gain of 24 cents.
Chesapeake Utilities’ total revenues of $239.4 million beat the Zacks Consensus Estimate of $207 million by 15.6%. Further, revenues rose 29.3% from $185.2 million in the prior-year quarter.
The top line improved on higher revenues in Regulated Energy, Unregulated Energy and other segments.
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise | Chesapeake Utilities Corporation Quote
Chesapeake Utilities’ operating expenses were $198.9 million, up 32.6% from $150 million in the year-ago quarter.
The company incurred interest expenses of $3.6 million, up 33.7% from $2.7 million in the prior-year quarter.
Operating income came in at $40.4 million, up 15.1% from $35 million in the prior-year quarter.
As of Mar 31, 2018, Chesapeake Utilities had cash and cash equivalents of $5.99 million compared with $5.61 million as of Dec 31, 2017.
Long-term debt (excluding current maturities) was $222 million as of Mar 31, 2018, up from the 2017-end level of $197.4 million.
Chesapeake Utilities carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility - Gas Distribution Releases
ONEOK Inc OKE posted first-quarter 2018 operating earnings of 64 cents per share, beating the Zacks Consensus Estimate of 62 cents by 3.32%.
Sempra Energy’s SRE first-quarter 2018 adjusted earnings per share of $1.43 lagged the Zacks Consensus Estimate of $1.67 by 14.4%.
MDU Resources Group Inc. MDU reported first-quarter 2018 operating earnings of 22 cents per share, beating the Zacks Consensus Estimate of 21 cents.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sempra Energy (SRE) : Free Stock Analysis Report
ONEOK, Inc. (OKE) : Free Stock Analysis Report
Chesapeake Utilities Corporation (CPK) : Free Stock Analysis Report
MDU Resources Group, Inc. (MDU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research