Fool Checkup: Quanex Building Products Earnings
Quanex Building Products (NYS: NX) reported earnings on June 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Quanex Building Products missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP loss per share improved.
Margins contracted across the board.
Quanex Building Products booked revenue of $194.4 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $201.8 million on the same basis. GAAP reported sales were 4.3% lower than the prior-year quarter's $203.1 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 -$0.06. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.08 per share. GAAP EPS were -$0.34 for Q2 compared to -$0.04 per share for 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 11.6%, 240 basis points worse than the prior-year quarter. Operating margin was -8.3%, 760 basis points worse than the prior-year quarter. Net margin was -6.3%, 560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $251.8 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $853.7 million. The average EPS estimate is $0.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 139 members out of 164 rating the stock outperform, and 25 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Quanex Building Products a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quanex Building Products is hold, with an average price target of $18.75.
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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.