Standard Pacific Increases Sales but Misses Estimates on Earnings
Standard Pacific (NYS: SPF) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Standard Pacific missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.
Margins expanded across the board.
Standard Pacific tallied revenue of $318.5 million. The six analysts polled by S&P Capital IQ expected revenue of $339.3 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $245.3 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 $0.05. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were $0.05 for Q3 versus -$0.02 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 20.6%, 160 basis points better than the prior-year quarter. Operating margin was 7.3%, 390 basis points better than the prior-year quarter. Net margin was 6.7%, 930 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $385.0 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $0.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 362 members out of 606 rating the stock outperform, and 244 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Standard Pacific a green thumbs-up, and 86 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is hold, with an average price target of $6.00.
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The article Standard Pacific Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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