NCI Building Systems
The 10-second takeaway
For the quarter ended Jan. 27 (Q1), NCI Building Systems met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share dropped.
Margins contracted across the board.
NCI Building Systems reported revenue of $297.6 million. The five analysts polled by S&P Capital IQ hoped for net sales of $298.1 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $243.6 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 -$0.19. The five earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS were -$0.19 for Q1 compared to -$0.54 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 20.5%, 150 basis points worse than the prior-year quarter. Operating margin was 0.1%, 170 basis points worse than the prior-year quarter. Net margin was -1.2%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $315.8 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $1.39 billion. The average EPS estimate is $0.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 167 members out of 185 rating the stock outperform, and 18 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give NCI Building Systems 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 NCI Building Systems is buy, with an average price target of $16.50.
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