Beazer Homes USA
The 10-second takeaway
For the quarter ended June 30 (Q3), Beazer Homes USA missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP loss per share dropped. GAAP loss per share dropped.
Margins increased across the board.
Beazer Homes USA notched revenue of $314.4 million. The eight analysts polled by S&P Capital IQ predicted revenue of $334.4 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $254.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.22. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.40 per share. Non-GAAP EPS were -$0.22 for Q3 against -$1.63 per share for the prior-year quarter. GAAP EPS were -$0.23 for Q3 against -$2.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 17.2%, 660 basis points better than the prior-year quarter. Operating margin was 2.7%, 870 basis points better than the prior-year quarter. Net margin was -1.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $417.5 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.29 billion. The average EPS estimate is -$1.74.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 417 members out of 1,057 rating the stock outperform, and 640 members rating it underperform. Among 263 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Beazer Homes USA a green thumbs-up, and 164 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Beazer Homes USA is hold, with an average price target of $21.44.
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