The 10-second takeaway
For the quarter ended June 30 (Q2), Boise beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Boise reported revenue of $637.8 million. The four analysts polled by S&P Capital IQ anticipated a top line of $626.0 million on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $603.1 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 $0.14. The five earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS of $0.14 for Q2 were 27% higher than the prior-year quarter's $0.11 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 19.8%, 90 basis points better than the prior-year quarter. Operating margin was 5.9%, 20 basis points better than the prior-year quarter. Net margin was 2.1%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $639.5 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $0.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 216 members out of 237 rating the stock outperform, and 21 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Boise a green thumbs-up, and nine 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 $10.00.
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