Quanex Building Products
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Quanex Building Products beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share grew. GAAP loss per share increased.
Margins shrank across the board.
Quanex Building Products logged revenue of $185.7 million. The seven analysts polled by S&P Capital IQ looked for a top line of $176.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $161.6 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 -$0.17. The one earnings estimate compiled by S&P Capital IQ averaged -$0.08 per share. Non-GAAP EPS were -$0.17 for Q1 versus -$0.13 per share for the prior-year quarter. GAAP EPS were -$0.22 for Q1 versus -$0.18 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 12.4%, 220 basis points worse than the prior-year quarter. Operating margin was -7.4%, 190 basis points worse than the prior-year quarter. Net margin was -4.4%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $217.2 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $915.3 million. The average EPS estimate is $0.25.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 136 members out of 166 rating the stock outperform, and 30 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 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 $19.75.
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