The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Interface met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly, and GAAP earnings per share increased.
Gross margins dropped, operating margins dropped, and net margins improved.
Interface logged revenue of $270.9 million. The eight analysts polled by S&P Capital IQ looked for a top line of $274.6 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $265.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.13. The nine earnings estimates compiled by S&P Capital IQ forecast $0.20 per share on the same basis. GAAP EPS were $0.06 for Q4 compared to -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.7%, 360 basis points worse than the prior-year quarter. Operating margin was 7.5%, 360 basis points worse than the prior-year quarter. Net margin was 1.4%, 640 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $254.4 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $0.88.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Interface is outperform, with an average price target of $17.
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