Universal Forest Products
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Universal Forest Products met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share grew.
Gross margins dropped, operating margins shrank, net margins were steady.
Universal Forest Products reported revenue of $470.8 million. The three analysts polled by S&P Capital IQ looked for sales of $468.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $422.0 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 -$0.09. The three earnings estimates compiled by S&P Capital IQ averaged $0.01 per share. GAAP EPS were -$0.10 for Q4 against -$0.09 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 9.4%, 180 basis points worse than the prior-year quarter. Operating margin was -0.2%, 60 basis points worse than the prior-year quarter. Net margin was -0.4%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $506.3 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $2.27 billion. The average EPS estimate is $1.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 78 members out of 99 rating the stock outperform, and 21 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Universal Forest Products a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Forest Products is hold, with an average price target of $40.00.
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