The 10-second takeaway
For the quarter ended April 30 (Q4), American Woodmark beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share expanded.
Gross margins shrank, operating margins improved, net margins dropped.
American Woodmark tallied revenue of $136.2 million. The five analysts polled by S&P Capital IQ predicted a top line of $133.0 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $124.2 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 -$0.11. The five earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. GAAP EPS were -$0.42 for Q4 versus -$0.24 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 12.7%, 50 basis points worse than the prior-year quarter. Operating margin was -2.4%, 90 basis points better than the prior-year quarter. Net margin was -4.4%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $137.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $541.3 million. The average EPS estimate is $0.25.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 39 members out of 70 rating the stock outperform, and 31 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give American Woodmark a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Woodmark is outperform, with an average price target of $19.67.
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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.