The 10-second takeaway
For the quarter ended Dec. 29 (Q4), PGT beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew.
Margins increased across the board.
PGT notched revenue of $45.2 million. The three analysts polled by S&P Capital IQ expected revenue of $44.0 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $35.7 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 $0.06. The one earnings estimate compiled by S&P Capital IQ anticipated $0.03 per share. GAAP EPS were $0.06 for Q4 versus -$0.12 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 35.4%, 1,100 basis points better than the prior-year quarter. Operating margin was 9.1%, 1,660 basis points better than the prior-year quarter. Net margin was 7.1%, 2,480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $42.7 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $185.5 million. The average EPS estimate is $0.27.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 38 members out of 56 rating the stock outperform, and 18 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give PGT 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 PGT is outperform, with an average price target of $3.50.
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