EnerNOC (ENOC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

EnerNOC (ENOC) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-1.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-1.39. The company posted revenue of $53.38 million in the period, compared to analysts expectations of $49.23 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.41 EPS.

EnerNOC closed down -0.04 points or -0.58% at $6.9 with 3,44,314 shares getting traded on Wednesday. Post opening the session at $6.9, the shares hit an intraday low of $6.87 and an intraday high of $7.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 21, 2016, Timothy G Healy (CEO) purchased 8,170 shares at $7.36 per share price. According to the SEC, on Mar 2, 2016, David B Brewster (President) purchased 35,500 shares at $6.15 per share price. On Nov 13, 2015, Arthur W Jr Coviello (director) purchased 25,000 shares at $4.48 per share price, according to the Form-4 filing with the securities and exchange commission.

EnerNOC Inc. is a provider of cloud-based energy intelligence software (EIS) and services to enterprise customers and utilities globally. The Company’s EIS solutions for enterprise customers improve energy productivity by optimizing how they buy how much they use and when they use energy. Its EIS is a decision support system for the enterprise featuring: budgeting and procurement including an online auction platform and utility bill management; facility optimization; visibility and reporting including capabilities for GRESB ENERGY STAR and other reporting standards; project tracking; demand management; and demand response. The Company offers its EIS and related solutions to enterprise customers at four subscription levels: basic standard professional and industrial.


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