Boise Increases Sales but Misses Estimates on Earnings

Seth Jayson, The Motley Fool
Updated

Boise (NYS: BZ) reported earnings on Feb. 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Boise met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted.


Margins dropped across the board.

Revenue details
 Boise reported revenue of $627.5 million. The three analysts polled by S&P Capital IQ anticipated a top line of $633.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.14. The four earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. Non-GAAP EPS of $0.14 for Q4 were 18% lower than the prior-year quarter's $0.17 per share. GAAP EPS of $0.13 for Q4 were 13% lower than the prior-year quarter's $0.15 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 20.9%, 120 basis points worse than the prior-year quarter. Operating margin was 6.2%, 180 basis points worse than the prior-year quarter. Net margin was 2.2%, 50 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $618.2 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $0.76.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 211 members out of 234 rating the stock outperform, and 23 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 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 $10.38.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Boise. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.

The article Boise Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement