Quanex Building Products
The 10-second takeaway
For the quarter ended Oct. 31 (Q4), Quanex Building Products missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Quanex Building Products reported revenue of $235.0 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $244.9 million on the same basis. GAAP reported sales were 0.9% higher than the prior-year quarter's $233.0 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 eight earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS of $0.03 for Q4 were 81% lower than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.8%, 200 basis points worse than the prior-year quarter. Operating margin was -2.6%, 640 basis points worse than the prior-year quarter. Net margin was 0.4%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $177.0 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $909.0 million. The average EPS estimate is $0.51.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 137 members out of 165 rating the stock outperform, and 28 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Quanex Building Products 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 Quanex Building Products is hold, with an average price target of $17.63.
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