Boise
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Boise met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Revenue details
Boise reported revenue of $645.2 million. The four analysts polled by S&P Capital IQ hoped for revenue of $649.1 million on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $631.7 million.
![](https://g.fool.com/img/editorial/templates/BZ_ERChart1_Q_2012-09-30.png)
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 $0.23. The five earnings estimates compiled by S&P Capital IQ averaged $0.23 per share. GAAP EPS of $0.04 for Q3 were 83% lower than the prior-year quarter's $0.24 per share.
![](https://g.fool.com/img/editorial/templates/BZ_ERChart2_Q_2012-09-30.png)
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 21.2%, 140 basis points worse than the prior-year quarter. Operating margin was 7.6%, 230 basis points worse than the prior-year quarter. Net margin was 0.6%, 390 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $641.8 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $2.57 billion. The average EPS estimate is $0.80.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 210 members out of 231 rating the stock outperform, and 21 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Boise a green thumbs-up, and five 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 $10.40.
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