The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Pacific beat expectations on revenues and on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share increased.
Gross margins dropped, operating margins increased, and net margins expanded.
Standard Pacific booked revenue of $293.2 million. The five analysts polled by S&P Capital IQ foresaw revenue of $278.0 million. Sales were 38% higher than the prior-year quarter's $212.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.05. The six earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share on the same basis. GAAP EPS were $0.04 for Q4 compared to -$0.09 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 20.7%, 110 basis points worse than the prior-year quarter. Operating margin was 5.7%, 160 basis points better than the prior-year quarter. Net margin was 5.2%, 1,540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $213.9 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $0.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 350 members rating the stock outperform and 237 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Standard Pacific a green thumbs-up, and 109 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $4.41.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.