The 10-second takeaway
For the quarter ended March 30 (Q1), URS missed estimates on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Margins increased across the board.
URS notched revenue of $2.36 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $2.43 billion on the same basis. GAAP reported sales were 1.8% higher than the prior-year quarter's $2.32 billion.
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 $1.12. The 16 earnings estimates compiled by S&P Capital IQ anticipated $1.03 per share. GAAP EPS of $1.07 for Q1 were 35% higher than the prior-year quarter's $0.79 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 6.7%, 170 basis points better than the prior-year quarter. Operating margin was 6.0%, 190 basis points better than the prior-year quarter. Net margin was 3.4%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.52 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $10.23 billion. The average EPS estimate is $4.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 243 members out of 257 rating the stock outperform, and 14 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give URS a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on URS is outperform, with an average price target of $50.91.
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