The 10-second takeaway
For the quarter ended March 31 (Q1), Boise beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share didn't move.
Gross margins increased, operating margins dropped, net margins were steady.
Boise booked revenue of $644.8 million. The three analysts polled by S&P Capital IQ predicted revenue of $594.6 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $568.8 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 $0.21. The four earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.21 were the same as 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 21.3%, 100 basis points better than the prior-year quarter. Operating margin was 7.7%, 90 basis points worse than the prior-year quarter. Net margin was 3.3%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $651.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $0.80.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 215 members rating the stock outperform and 21 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 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 $10.13.
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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.
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