Standard Pacific Beats Estimates on Top and Bottom Lines
Standard Pacific (NYS: SPF) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Pacific beat expectations on revenues and on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share increased.
Gross margins dropped, operating margins increased, and net margins expanded.
Standard Pacific booked revenue of $293.2 million. The five analysts polled by S&P Capital IQ foresaw revenue of $278.0 million. Sales were 38% higher than the prior-year quarter's $212.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.05. The six earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share on the same basis. GAAP EPS were $0.04 for Q4 compared to -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 20.7%, 110 basis points worse than the prior-year quarter. Operating margin was 5.7%, 160 basis points better than the prior-year quarter. Net margin was 5.2%, 1,540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $213.9 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $0.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 350 members rating the stock outperform and 237 members rating it underperform. Among 186 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Standard Pacific a green thumbs-up, and 109 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $4.41.
Over the decades, small-cap stocks, like Standard Pacific have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Standard Pacific to My Watchlist.
At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.