The 10-second takeaway
For the quarter ended March 29 (Q1), URS missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share contracted.
Margins dropped across the board.
URS tallied revenue of $2.80 billion. The 11 analysts polled by S&P Capital IQ expected to see revenue of $2.90 billion on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $2.36 billion.
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 $0.96. The 11 earnings estimates compiled by S&P Capital IQ anticipated $1.12 per share. GAAP EPS of $0.96 for Q1 were 10% lower than the prior-year quarter's $1.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.4%, 130 basis points worse than the prior-year quarter. Operating margin was 4.6%, 140 basis points worse than the prior-year quarter. Net margin was 2.6%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.93 billion. On the bottom line, the average EPS estimate is $1.05.
Next year's average estimate for revenue is $11.84 billion. The average EPS estimate is $4.44.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 254 members out of 267 rating the stock outperform, and 13 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give URS a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on URS is hold, with an average price target of $49.50.
If you're interested in companies like URS, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.
- Add URS to My Watchlist.