Buckeye Technologies Earnings Preview
Investors are on the edge of their collective seats, hoping that Buckeye Technologies (NYS: BKI) will top analyst expectations for the third consecutive quarter. The company will unveil its latest earnings Tuesday. Buckeye Technologies is a producer of value-added cellulose-based specialty products.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Buckeye Technologies, with two of three rating it a buy and the remainder rating it a hold. Analysts don't like Buckeye Technologies as much as competitor Clearwater Paper overall. Analysts haven't adjusted their rating of Buckeye Technologies for the past three months.
- Revenue forecasts: On average, analysts predict $243.4 million in revenue this quarter. That would represent a rise of 18.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.72 per share. Estimates range from $0.70 to $0.73.
What our community says:
CAPS All-Stars are solidly backing the stock with 100% giving it an "outperform" rating. The community at large concurs with the All-Stars with 95.6% awarding it a rating of "outperform." Fools are bullish on Buckeye Technologies, though the message boards have been quiet lately with only 53 posts in the past 30 days. Even with a robust four out of five stars, Buckeye Technologies' CAPS rating falls a little short of the community's upbeat outlook.
Buckeye Technologies' income has fallen year over year by an average of 7.4%. The company raised its gross margin by 6.8 percentage points in the last quarter. Revenue rose 24.7% while cost of sales rose 14.4% to $180.3 million from a year earlier.
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At the time this article was published
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