Unifi (NYSE: UFI ) reported earnings on Jan. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 23 (Q2), Unifi met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share grew.
Margins grew across the board.
Unifi tallied revenue of $172.1 million. The two analysts polled by S&P Capital IQ foresaw a top line of $172.8 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $167.1 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 $0.12. The two earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS were $0.12 for Q2 against -$0.38 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 9.7%, 320 basis points better than the prior-year quarter. Operating margin was 2.6%, 310 basis points better than the prior-year quarter. Net margin was 1.4%, 600 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $187.9 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $729.6 million. The average EPS estimate is $1.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 54 members out of 68 rating the stock outperform, and 14 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Unifi a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Unifi is buy, with an average price target of $17.00.
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