Standard Pacific (NYSE: SPF ) is expected to report Q2 earnings on July 26. 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 Standard Pacific's revenues will grow 40.1% and EPS will grow 200.0%.
The average estimate for revenue is $286.4 million. On the bottom line, the average EPS estimate is $0.03.
Last quarter, Standard Pacific notched revenue of $223.7 million. GAAP reported sales were 57% higher than the prior-year quarter's $144.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.00. GAAP EPS were $0.02 for Q1 against -$0.04 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 20.3%, 90 basis points better than the prior-year quarter. Operating margin was 3.7%, 620 basis points better than the prior-year quarter. Net margin was 3.7%, 1,390 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.19 billion. The average EPS estimate is $0.18.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 353 members out of 598 rating the stock outperform, and 245 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Standard Pacific a green thumbs-up, and 90 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $4.92.
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