The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boise met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Boise reported revenue of $600.4 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $594.6 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $524.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.20 per share on the same basis. GAAP EPS of $0.15 for Q4 were 53% lower than the prior-year quarter's $0.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.1%, 160 basis points worse than the prior-year quarter. Operating margin was 7.6%, 360 basis points worse than the prior-year quarter. Net margin was 2.7%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $605.3 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $2.38 billion. The average EPS estimate is $0.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 213 members out of 235 rating the stock outperform, and 22 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Boise a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boise is outperform, with an average price target of $9.13.
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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.