Beazer Homes USA
The 10-second takeaway
For the quarter ended June 30 (Q3), Beazer Homes USA missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share shrank.
Gross margins dropped, operating margins improved, and net margins grew.
Beazer Homes USA logged revenue of $254.6 million. The six analysts polled by S&P Capital IQ predicted revenue of $273.0 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $172.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.33. The three earnings estimates compiled by S&P Capital IQ predicted -$0.33 per share. GAAP EPS were -$0.40 for Q3 against -$0.80 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 8.3%, 370 basis points worse than the prior-year quarter. Operating margin was -8.3%, 390 basis points better than the prior-year quarter. Net margin was -15.7%, 1,850 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $357.9 million. On the bottom line, the average EPS estimate is -$0.27.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is -$1.39.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 411 members out of 1,048 rating the stock outperform, and 637 members rating it underperform. Among 294 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Beazer Homes USA a green thumbs-up, and 217 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Beazer Homes USA is hold, with an average price target of $3.46.
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