Can Buckeye Technologies Meet These Numbers?
Buckeye Technologies (NYS: BKI) is expected to report Q3 earnings on April 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Buckeye Technologies's revenues will decrease -9.0% and EPS will wither -23.9%.
The average estimate for revenue is $197.6 million. On the bottom line, the average EPS estimate is $0.51.
Last quarter, Buckeye Technologies logged revenue of $204.3 million. GAAP reported sales were 7.7% lower than the prior-year quarter's $221.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.60. GAAP EPS were $0.33 for Q2 compared to -$0.15 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 preceding quarter, gross margin was 23.2%, 160 basis points worse than the prior-year quarter. Operating margin was 17.8%, 170 basis points worse than the prior-year quarter. Net margin was 6.3%, 880 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $811.9 million. The average EPS estimate is $2.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 173 members out of 181 rating the stock outperform, and eight members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Buckeye Technologies a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckeye Technologies is outperform, with an average price target of $37.30.
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The article Can Buckeye Technologies Meet These Numbers? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Buckeye Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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