The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Potlatch missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share improved significantly.
Margins dropped across the board.
Potlatch logged revenue of $109.9 million. The six analysts polled by S&P Capital IQ foresaw revenue of $117.3 million. Sales were 25% lower than the prior-year quarter's $146.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.01. The six earnings estimates compiled by S&P Capital IQ forecast $0.12 per share on the same basis. GAAP EPS were -$0.04 for Q4 compared to $0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 13.8%, 520 basis points worse than the prior-year quarter. Operating margin was 1.7%, 670 basis points worse than the prior-year quarter. Net margin was -1.3%, 770 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $111.0 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $491.2 million. The average EPS estimate is $0.92.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Potlatch is hold, with an average price target of $32.
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