Beazer Homes USA
The 10-second takeaway
For the quarter ended March 31 (Q2), Beazer Homes USA missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP loss per share dropped.
Gross margins dropped, operating margins expanded, net margins increased.
Beazer Homes USA logged revenue of $191.6 million. The six analysts polled by S&P Capital IQ wanted to see a top line of $197.6 million on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $124.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.43. The six earnings estimates compiled by S&P Capital IQ predicted -$0.44 per share. GAAP EPS were -$0.51 for Q2 versus -$0.73 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 quarter, gross margin was 10.5%, 260 basis points worse than the prior-year quarter. Operating margin was -9.2%, 1,490 basis points better than the prior-year quarter. Net margin was -20.8%, 2,240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $246.5 million. On the bottom line, the average EPS estimate is -$0.36.
Next year's average estimate for revenue is $968.1 million. The average EPS estimate is -$1.22.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 408 members out of 1,044 rating the stock outperform, and 636 members rating it underperform. Among 307 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Beazer Homes USA a green thumbs-up, and 220 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 $4.17.
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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.