Shaw Group Beats on Revenue, Matches Expectations on EPS
Shaw Group (NYS: SHAW) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 29 (Q2), Shaw Group beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved, and GAAP earnings per share improved significantly.
Gross margins dropped, operating margins improved, and net margins expanded.
Shaw Group reported revenue of $1.47 billion. The 13 analysts polled by S&P Capital IQ expected net sales of $1.45 billion on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $1.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.46. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.46 per share on the same basis. GAAP EPS of $0.78 for Q2 were much higher than the prior-year quarter's $0.01 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 7.4%, 70 basis points worse than the prior-year quarter. Operating margin was 3.2%, 20 basis points better than the prior-year quarter. Net margin was 3.6%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.52 billion. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $5.99 billion. The average EPS estimate is $2.10.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 552 members rating the stock outperform and 37 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Shaw Group a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shaw Group is hold, with an average price target of $31.14.
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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.