The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Standard Pacific missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.
Margins expanded across the board.
Standard Pacific tallied revenue of $318.5 million. The six analysts polled by S&P Capital IQ expected revenue of $339.3 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $245.3 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 $0.05. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were $0.05 for Q3 versus -$0.02 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 20.6%, 160 basis points better than the prior-year quarter. Operating margin was 7.3%, 390 basis points better than the prior-year quarter. Net margin was 6.7%, 930 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $385.0 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $0.22.
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), 78 give Standard Pacific a green thumbs-up, and 86 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 $6.00.
- Add Standard Pacific to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.