United Stationers Beats on Both Top and Bottom Lines
United Stationers (NAS: USTR) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), United Stationers beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
United Stationers reported revenue of $1.27 billion. The three analysts polled by S&P Capital IQ foresaw revenue of $1.24 billion on the same basis. GAAP reported sales were 2.8% higher than the prior-year quarter's $1.24 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 $0.45. The four earnings estimates compiled by S&P Capital IQ predicted $0.42 per share on the same basis. GAAP EPS of $0.36 for Q1 were 18% lower than the prior-year quarter's $0.44 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 14.2%, 50 basis points worse than the prior-year quarter. Operating margin was 2.5%, 80 basis points worse than the prior-year quarter. Net margin was 1.2%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $5.11 billion. The average EPS estimate is $2.63.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 53 members out of 59 rating the stock outperform, and six members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give United Stationers 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 United Stationers is outperform, with an average price target of $35.33.
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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.
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