Boise Beats on Both Top and Bottom Lines
Boise (NYS: BZ) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Boise beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share didn't move.
Gross margins increased, operating margins dropped, net margins were steady.
Boise booked revenue of $644.8 million. The three analysts polled by S&P Capital IQ predicted revenue of $594.6 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $568.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The four earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.21 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.3%, 100 basis points better than the prior-year quarter. Operating margin was 7.7%, 90 basis points worse than the prior-year quarter. Net margin was 3.3%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $651.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $0.80.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 215 members rating the stock outperform and 21 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Boise a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boise is outperform, with an average price target of $10.13.
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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.