Interface (Nasdaq: TILE) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Interface met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew significantly.
Margins grew across the board.
Revenue details
Interface logged revenue of $249.6 million. The seven analysts polled by S&P Capital IQ looked for a top line of $247.8 million on the same basis. GAAP reported sales were 7.9% lower than the prior-year quarter's $270.9 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 $0.13. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS of $0.11 for Q4 were 83% higher than the prior-year quarter's $0.06 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
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 34.1%, 240 basis points better than the prior-year quarter. Operating margin was 8.8%, 130 basis points better than the prior-year quarter. Net margin was 3.0%, 160 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $220.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $995.4 million. The average EPS estimate is $0.89.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 121 members out of 139 rating the stock outperform, and 18 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Interface a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Interface is outperform, with an average price target of $16.17.
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