Buckeye Technologies (NYSE: BKI) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Buckeye Technologies missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins increased, net margins contracted.
Revenue details
Buckeye Technologies reported revenue of $197.0 million. The five analysts polled by S&P Capital IQ expected revenue of $214.4 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $240.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.62. The six earnings estimates compiled by S&P Capital IQ predicted $0.59 per share. GAAP EPS of $0.74 for Q1 were 27% lower than the prior-year quarter's $1.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 25.4%, 170 basis points better than the prior-year quarter. Operating margin was 19.8%, 150 basis points better than the prior-year quarter. Net margin was 15.0%, 210 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $224.4 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $913.8 million. The average EPS estimate is $3.02.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 162 members out of 168 rating the stock outperform, and six members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Buckeye Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckeye Technologies is buy, with an average price target of $39.30.
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