Headwaters (NYSE: HW ) reported earnings on Jan. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Headwaters beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share contracted.
Gross margins dropped, operating margins dropped, net margins grew.
Headwaters chalked up revenue of $149.6 million. The six analysts polled by S&P Capital IQ looked for a top line of $147.6 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $137.4 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 -$0.05. The six earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. GAAP EPS were -$0.09 for Q1 against -$0.39 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 24.9%, 20 basis points worse than the prior-year quarter. Operating margin was 4.0%, 20 basis points worse than the prior-year quarter. Net margin was -3.9%, 1,340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $139.0 million. On the bottom line, the average EPS estimate is -$0.12.
Next year's average estimate for revenue is $695.1 million. The average EPS estimate is $0.21.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 740 members out of 814 rating the stock outperform, and 74 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Headwaters a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Headwaters is outperform, with an average price target of $9.25.
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