The 10-second takeaway
For the quarter ended Feb. 28 (Q3), Texas Industries met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share shrank. GAAP loss per share dropped.
Margins grew across the board.
Texas Industries logged revenue of $141.4 million. The six analysts polled by S&P Capital IQ foresaw revenue of $141.3 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $121.9 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 -$0.30. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.40 per share. Non-GAAP EPS were -$0.30 for Q3 compared to -$0.87 per share for the prior-year quarter. GAAP EPS were -$0.21 for Q3 against -$0.87 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 8.7%, much better than the prior-year quarter. Operating margin was -3.3%, much better than the prior-year quarter. Net margin was -4.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $195.4 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $687.8 million. The average EPS estimate is -$0.33.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 104 members out of 131 rating the stock outperform, and 27 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Texas Industries 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 Texas Industries is hold, with an average price target of $56.67.
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