Valspar (NYSE: VAL ) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 25 (Q1), Valspar missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Gross margins expanded, operating margins shrank, net margins were steady.
Valspar logged revenue of $875.2 million. The nine analysts polled by S&P Capital IQ foresaw a top line of $925.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.60. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.67 per share. GAAP EPS of $0.60 for Q1 were 3.4% higher than the prior-year quarter's $0.58 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 33.6%, 10 basis points better than the prior-year quarter. Operating margin was 10.7%, 10 basis points worse than the prior-year quarter. Net margin was 6.3%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $1.09 billion. On the bottom line, the average EPS estimate is $1.01.
Next year's average estimate for revenue is $4.25 billion. The average EPS estimate is $3.79.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Valspar is outperform, with an average price target of $67.57.
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