Universal Forest Products (Nasdaq: UFPI ) is expected to report Q2 earnings around July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Universal Forest Products's revenues will improve 14.8% and EPS will increase 115.2%.
The average estimate for revenue is $624.9 million. On the bottom line, the average EPS estimate is $0.71.
Last quarter, Universal Forest Products logged revenue of $457.1 million. GAAP reported sales were 18% higher than the prior-year quarter's $387.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.21. GAAP EPS were $0.21 for Q1 compared to -$0.19 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 preceding quarter, gross margin was 11.7%, 100 basis points better than the prior-year quarter. Operating margin was 1.7%, 300 basis points better than the prior-year quarter. Net margin was 0.9%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.05 billion. The average EPS estimate is $1.42.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 86 members out of 107 rating the stock outperform, and 21 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Universal Forest Products a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Forest Products is hold, with an average price target of $35.33.