Texas Industries (NYSE: TXI ) is expected to report Q3 earnings around March 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Texas Industries's revenues will grow 4.4% and EPS will remain in the red.
The average estimate for revenue is $140.5 million. On the bottom line, the average EPS estimate is -$0.40.
Last quarter, Texas Industries reported revenue of $167.7 million. GAAP reported sales were 15% higher than the prior-year quarter's $146.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.36. GAAP EPS were -$0.40 for Q2 compared to -$0.75 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 preceding quarter, gross margin was 7.0%, 600 basis points better than the prior-year quarter. Operating margin was -3.2%, 450 basis points better than the prior-year quarter. Net margin was -6.6%, 780 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $684.9 million. The average EPS estimate is -$0.72.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 104 members out of 132 rating the stock outperform, and 28 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Texas Industries a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Texas Industries is hold, with an average price target of $45.43.
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