Standard Pacific (NYSE: SPF) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Standard Pacific's revenues will grow 40.3% and EPS will increase 200.0%.
The average estimate for revenue is $339.3 million. On the bottom line, the average EPS estimate is $0.06.
Revenue details
Last quarter, Standard Pacific reported revenue of $274.9 million. GAAP reported sales were 35% higher than the prior-year quarter's $206.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.04. GAAP EPS were $0.04 for Q2 compared to -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 21.0%, 120 basis points better than the prior-year quarter. Operating margin was 6.0%, 480 basis points better than the prior-year quarter. Net margin was 5.1%, 1,020 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.21 billion. The average EPS estimate is $0.22.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 362 members out of 606 rating the stock outperform, and 244 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Standard Pacific a green thumbs-up, and 87 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $5.38.
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