The 10-second takeaway
For the quarter ended June 24 (Q4), Unifi missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Gross margins were steady, operating margins shrank, net margins dropped.
Unifi logged revenue of $187.9 million. The three analysts polled by S&P Capital IQ expected revenue of $204.3 million on the same basis. GAAP reported sales were 6.0% lower than the prior-year quarter's $199.8 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 $0.39. The one earnings estimate compiled by S&P Capital IQ averaged $0.60 per share. GAAP EPS of $0.55 for Q4 were 15% lower than the prior-year quarter's $0.65 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 9.6%, about the same as the prior-year quarter. Operating margin was 3.2%, 50 basis points worse than the prior-year quarter. Net margin was 6.0%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $178.7 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $740.3 million. The average EPS estimate is $1.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 52 members out of 66 rating the stock outperform, and 14 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Unifi a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Unifi is buy, with an average price target of $15.50.
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