URS Increases Sales but Misses Revenue Estimate
URS (NYS: URS) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), URS missed estimates on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Margins increased across the board.
URS notched revenue of $2.36 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $2.43 billion on the same basis. GAAP reported sales were 1.8% higher than the prior-year quarter's $2.32 billion.
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 $1.12. The 16 earnings estimates compiled by S&P Capital IQ anticipated $1.03 per share. GAAP EPS of $1.07 for Q1 were 35% higher than the prior-year quarter's $0.79 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 6.7%, 170 basis points better than the prior-year quarter. Operating margin was 6.0%, 190 basis points better than the prior-year quarter. Net margin was 3.4%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.52 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $10.23 billion. The average EPS estimate is $4.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 243 members out of 257 rating the stock outperform, and 14 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give URS a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on URS is outperform, with an average price target of $50.91.
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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. He is the 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 don't 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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