The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gafisa missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP loss per share contracted.
Margins expanded across the board.
Gafisa reported revenue of $449.5 million. The seven analysts polled by S&P Capital IQ expected revenue of $491.8 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $50.1 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 -$0.11. The three earnings estimates compiled by S&P Capital IQ anticipated -$0.03 per share. GAAP EPS were -$0.11 for Q4 compared to -$1.28 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 24.3%, much better than the prior-year quarter. Operating margin was -4.5%, much better than the prior-year quarter. Net margin was -10.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $492.2 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.86 billion. The average EPS estimate is $0.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 355 members out of 393 rating the stock outperform, and 38 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Gafisa a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gafisa is hold, with an average price target of $4.78.
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