The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boise met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted.
Margins dropped across the board.
Boise reported revenue of $627.5 million. The three analysts polled by S&P Capital IQ anticipated a top line of $633.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.14. The four earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. Non-GAAP EPS of $0.14 for Q4 were 18% lower than the prior-year quarter's $0.17 per share. GAAP EPS of $0.13 for Q4 were 13% lower than the prior-year quarter's $0.15 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 20.9%, 120 basis points worse than the prior-year quarter. Operating margin was 6.2%, 180 basis points worse than the prior-year quarter. Net margin was 2.2%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $618.2 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $0.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 211 members out of 234 rating the stock outperform, and 23 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Boise 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 Boise is outperform, with an average price target of $10.38.
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