Beazer Homes USA
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Beazer Homes USA beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share shrank.
Gross margins grew, operating margins contracted, net margins shrank.
Beazer Homes USA reported revenue of $370.9 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $336.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $334.9 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 -$1.02. The four earnings estimates compiled by S&P Capital IQ forecast -$1.05 per share. GAAP EPS were -$2.82 for Q4 against -$2.91 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 11.2%, 180 basis points better than the prior-year quarter. Operating margin was -1.8%, 150 basis points worse than the prior-year quarter. Net margin was -17.9%, 500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $283.9 million. On the bottom line, the average EPS estimate is -$2.72.
Next year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$5.80.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 421 members out of 1,068 rating the stock outperform, and 647 members rating it underperform. Among 302 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give Beazer Homes USA a green thumbs-up, and 210 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Beazer Homes USA is hold, with an average price target of $16.59.
- Add Beazer Homes USA 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.