Standard Pacific (NYSE: SPF ) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Pacific beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins increased, net margins expanded.
Standard Pacific booked revenue of $419.8 million. The seven analysts polled by S&P Capital IQ looked for a top line of $376.0 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $296.9 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 $1.22. The seven earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $1.22 for Q4 were much higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.3%, 140 basis points worse than the prior-year quarter. Operating margin was 7.8%, 260 basis points better than the prior-year quarter. Net margin was 114.1%, 10,890 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $314.9 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $1.62 billion. The average EPS estimate is $0.32.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 362 members out of 608 rating the stock outperform, and 246 members rating it underperform. Among 172 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Standard Pacific a green thumbs-up, and 85 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 $6.43.
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