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Beazer Homes USA Beats on Both Top and Bottom Lines

By Seth Jayson - Updated Apr 7, 2017 at 11:45AM

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Just the facts, Fool.

Beazer Homes USA (NYSE: BZH) reported earnings on Nov. 12. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment
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.

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Beazer Homes USA, Inc. Stock Quote
Beazer Homes USA, Inc.
$16.00 (3.36%) $0.52

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