Beazer Homes USA
The 10-second takeaway
For the quarter ended March 31 (Q2), Beazer Homes USA beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share shrank.
Margins expanded across the board.
Beazer Homes USA chalked up revenue of $287.9 million. The six analysts polled by S&P Capital IQ foresaw revenue of $254.3 million on the same basis. GAAP reported sales were 50% higher than the prior-year quarter's $191.6 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 -$0.55. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.70 per share. Non-GAAP EPS were -$0.55 for Q2 against -$2.40 per share for the prior-year quarter. GAAP EPS were -$0.80 for Q2 versus -$2.54 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 15.2%, 410 basis points better than the prior-year quarter. Operating margin was 0.1%, 870 basis points better than the prior-year quarter. Net margin was -6.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $334.2 million. On the bottom line, the average EPS estimate is -$0.40.
Next year's average estimate for revenue is $1.29 billion. The average EPS estimate is -$1.98.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 422 members out of 1,061 rating the stock outperform, and 639 members rating it underperform. Among 265 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Beazer Homes USA a green thumbs-up, and 165 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Beazer Homes USA is hold, with an average price target of $16.75.
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